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To: jmac who wrote (1213)	1/23/2000 6:50:00 PM
From: RocketMan	Read Replies (2) \| Respond to of 35685

You hit it right on the head. Have you read Harry Dent's Roaring 2000's? He makes a strong argument, supported with historical data, that in this growth phase of an economy inflation is naturally low. Inflation becomes a problem in the innovation stage, where there are not yet many productivity or efficiency gains, and when a new generation of workers is getting trained and educated. That was the case in the 70's, where Greenspan is still living. I remember those days well, with inflation in double digits, money scarce, and stagnation in the economy. This is just the opposite, and it is hard to believe the BS that he spouts about inflation. He can't be that stupid, he is probably playing the US market and the American consumer to help out the Japanese, who have real problems. The real danger is that by trying to suppress non-existent inflation, Greenspan runs the risk of creating deflation. The problems of inflation pale in comparison with deflation. That's what we had in the 30's.

To: jmac who wrote (1213)	1/23/2000 8:07:00 PM
From: jazzcat2000	Read Replies (1) \| Respond to of 35685

jmac and Rocketman.. I agree with both of you.The market nows responds positively to negative economic news. It won't be long before the talkings heads and bears will be bemoaning future negative economic news, saying that this is an indicator of too much ecomomic slow-down. Can't win!!! One of the hardest things for me to handle is that to be successful in the stockmarket you often times have to forget about "reason and logic" and just try to get a grasp of the "market mentality".