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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Crimson Ghost who wrote (42216)	3/5/2000 12:29:00 AM
From: Rarebird	Read Replies (1) \| Respond to of 99985

<The official inflation numbers are obviously bogus.> So what? <Yet they continue to price stocks and bonds as if the official numbers are 100% correct.> "They" are not as intelligent as most of the bears. <How long can this continue?> As long as the money keeps on flowing in. PS Why are you talking about fundamentals?

To: Crimson Ghost who wrote (42216)	3/5/2000 9:50:00 AM
From: Les H	Respond to of 99985

The bullish case for the bogus inflation numbers is that they keep the government budget 'surplus' intact. The downside is that the inflated GDP and productivity numbers contribute to exaggerated claims of 'surpluses' as far as the world can see, and the off-budget spending and has ballooned. For politicians, there is no downside. They already have the elderly vote. They can spend the rest to buy whatever votes they need to target. End soapbox.