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

To: Thomas M. who wrote (80666)	5/13/2000 4:57:00 PM
From: Skeeter Bug	Read Replies (1) \| Respond to of 132070

>>They never mention that the stock market is outrageously overpriced, or that there is not one instance in all of history of buying stocks at such ridiculously lofty levels, especially in the face of increasing inflation and interest-rate hikes, that has ever paid off, "in the long run." What you get is ruination. Ask the Japanese.<< a mirror of my comments. most folks will be dead b4 recent purchases pay off in the "long run."

To: Thomas M. who wrote (80666)	5/13/2000 9:05:00 PM
From: Tommaso	Respond to of 132070

>>>Inflation is everywhere,<< Isn't that the truth. Ask anyone (like unfortunate person speaking) about the cost of private college education or the cost of dental work. Some things have appreciated steadily at anywhere from 8% to 20% a year for the last few years. Where are the California real estate prices in the CPI? What's happened is that the farmers in the US have been screwed out of their crops, land, and livelihood and we have been buying cheap clothing from all over. Last summer we were waited on by hundreds of beautiful young people from central Europe whoe were being paid disgraceful wages on a cruise ship. Mexicans (legal) are showing up to do the dirty work all up and down the US East Coast for minimum wage or lower. Economic statistics are no better than educational statistics.