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To: RocketMan who wrote (27370)	7/29/1999 6:48:00 PM
From: Jeff Dryer	Respond to of 41369

Inflation or Deflation? Both camps are right. People worried about inflation are looking at a different half of the economy than the people worried about deflation. Inflation problems Oil prices rising. The U.S. dollar weakening against international currencies making imports more expensive. Tight labor market. Housing prices in hot economic areas going through the roof. Stock Market at all time highs. Internet stocks in a severe bubble situation with many Internet stocks (especially new IPOs) valued at 5 to 10 times what they should be. Deflation Problems Free PCs, Free ISPs, Free content Extreme competition What happens if the Market collapses? Everything deflates.