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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: IceShark who wrote (75371)	2/7/2000 3:40:00 PM
From: Mike McFarland	Respond to of 132070

Maybe you are right--I don't in live in the sort of neighborhood where a lot of money is shown off, although I do see some new cars, and the homes that are being built on limited land are quite lavish. My town is mainly cinder block homes on one side, a mix of Ca splits and modest working class homes on the other. The cinders were built after WWII. But where there is land available, I've seen a smattering of 300-500k homes are going in. Who buys these? As far as general consumption, I am out of touch, don't do much myself and my friends are not lavish consumers, so I guess it is who you know. I do see a little of the wealth effect at the family cabin, I've heard Lake Wenatchee called Lake Microsoft of late--but this is not the froth the Fed worries about. I think the froth Greenspan is most concerned about is the working stiff at Boeing who wants to be paid like a German. I should snag a nap and finish my stack of Economists, this issue mainly goes over my head.