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Pastimes : All Clowns Must Be Destroyed -- Ignore unavailable to you. Want to Upgrade?

To: patron_anejo_por_favor who wrote (28124)	4/20/2000 11:11:00 PM
From: Glenn D. Rudolph	Read Replies (1) \| Respond to of 42523

Well, since alot of it is a projection of cause and effect in the future, it requires some speculation. As does any speculation about any trend. I agree. Which of the present factors are you disputing? Inflation? Trade deficit? Ongoing interest rate hikes being inadequate to control demand thus far? If you can specify your objections, I'd be happy to elaborate. Otherwise the story gets pretty long pretty quick! You are predicting inflation pressures will continue to increase without greater Fed rate increase. Agreed to come to a conclusion one must speculate but you are extrapolating the current inflationary pressures into the future unabated. It could be the rate increase already in place are enough but they have not yet had time to do their job. My point is all this is speculation for the future based only on recent past events without taking into account the increase productivity gains from technology among other things.