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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?

To: Alan Bell who wrote (7192)	7/27/1999 12:43:00 AM
From: JF Quinnelly	Respond to of 15132

The 20's were another period of great productivity increases. Mass production, the assembly line, radio, the transportation revolution of autos, trucks, and airplanes, these were among the productivity drivers of the time. One school of thought argues that the deflationary impact of those productivity increases masked an underlying credit inflation, a credit inflation which showed up in the stock market. They developed an equity bubble, asset inflation, a rare occurrence.