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To: John F. Dowd who wrote (86597)8/4/1999 9:21:00 PM
From: Fred Fahmy  Read Replies (2) | Respond to of 186894
 
John,

< I am not seeing any inflation in anything that is electronic or high tech oriented either. In fact I find electronics going down in price.>

This is a key point that many, if not most, people overlook. Our economy is becoming more and more "electronics"/technology oriented. The technology companies of today are driving a huge chunk of the economy and this will grow with time. As you have correctly pointed out, the products generated by this ever growing segment of the economy are under deflationary NOT inflationary pressures.

FF



To: John F. Dowd who wrote (86597)8/4/1999 9:45:00 PM
From: Jim McMannis  Read Replies (2) | Respond to of 186894
 
JFD,
Hummm, I see major increases in food costs here in FL.
Most everywhere I look I see bean counters maximizing profits and raising prices.
I usually wear a pair of shorts and a polo shirt so I don't know much about the costs of clothes.


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