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To: Lucretius who wrote (78104)	12/5/1999 7:44:00 PM
From: dclapp	Read Replies (1) \| Respond to of 86076

from: usastores.com "A financial collapse has never happened when things look bad. This is another lesson of history. On the contrary, macroeconomic flows look good before crashes. Before every collapse, economists say the economy is in the best of all worlds. Everything looks rosy, stock markets go up and up, and macroeconomic flows (output, employment, etc.) appear to be improving further and further. This explains why a crash catches most people, especially economists, totally by surprise. The good times are invariably extrapolated linearly into the future. Is it not perceived as senseless by most people in today's euphoria to talk about crash and depression?"