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To: Ilaine who wrote (60476)	9/3/1999 12:17:00 PM
From: bill meehan	Respond to of 86076

CB, I haven't, but I've read about them. Around these parts, populated with Wall Street swine (and some good people), folks just say, "I want the best there is" and never ask about what it costs. The latest craze is building giant stone walls around properties, with some costing upwards of half-mil. It's impossible to get any type of service--lawn, remodeling, etc. Service companies are so busy they don't even return calls.

To: Ilaine who wrote (60476)	9/3/1999 1:28:00 PM
From: Mike M2	Respond to of 86076

Coby, gilded age is a better description IMO. The August issue of the Richebacher Letter sums it up nicely: " Wealth creation through capital gains in the stock market involves zero,we repeat zero, creation of resources in the economy. Genuine wealth creation requires the creation of productive resources for higher production in the future. In other words, it implies capital formation. But what has taken place through huge capital gains in the US stock market is not an ' accumulation of resources' with a future benefit to the economy as a whole but the exact opposite: the accumulation of rising claims on existing resources. " The Richebacher Letter 1217 St. Paul St. Baltimore, MD 21202 FA Hayek said the road to poverty is lined with paper wealth. The Austrian Twins say all bubbles burst creating tough love and economic violence. ho ho ho Mike