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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: Les H who wrote (28525)	9/1/1999 8:02:00 PM
From: MeDroogies	Read Replies (1) \| Respond to of 50167

Functions of larger issues - which is what I was addressing. Low inflation, a result of higher productivity and rapid innovation, is what has increased investor and consumer confidence. Either way, I won't quibble that PE's are out of whack with history, and are more than likely to come back down. But there are two questions that remain unanswered - when (my answer is when innovation and productivity return to historical levels) and by how much (my answer is punitively - unless prices are managed as effectively as they have been)?