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To: LLCF who wrote (25187)	10/6/2000 11:52:24 AM
From: pater tenebrarum	Read Replies (1) \| Respond to of 436258

yep...i had a good laugh when Kudlow said "there won't be a recession because there ain't no inflation". apart from the fact that the assertions re. 'no inflation' are debatable, in 1929 there was no inflation either...that didn't do anything for economic expansion in the '30's though...in '89 in Japan, also no inflation... the credit/asset bubbles are much more pertinent to divine the economy's future...they are the largest mankind has ever seen, and their unwinding won't be pretty...