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To: Ilaine who wrote (39533)6/13/2000 6:56:00 PM
From: pater tenebrarum  Read Replies (1) | Respond to of 42523
 
true...that's why i said 'partly'. but actually the inflation in stock prices (including the p/e expansion) can be explained with inflation stats...not cpi inflation, but inflation of the money supply. it's simply been channeled into stocks this past decade instead of goods and services.