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To: edward miller who wrote (71949)8/29/2000 6:55:11 PM
From: Pete Young  Respond to of 95453
 
Edward, I do agree that even given the lack of leverage of labor (as shown in the inflation figures...the GNP jumps, but strangely, labor costs stay tame), the cost of living keeps going up. Various economic actors have pricing power (OPEC for example), and are using it. Things, rather than people, on a worldwide basis, are increasingly scarce...land, houses, energy...perhaps materials soon.