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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: limtex who wrote (25101)	12/14/2000 5:22:45 PM
From: freeus	Read Replies (1) \| Respond to of 65232

True But of course Bush didn't "do it". I took a good look around the neighborhood where I work today. One by one businesses are closing down: a result of horribly high utility rates and lowered consumer spending. People who are out of work will find lower paying jobs but they won't spend or buy stocks. Teaching is a "tenure" job so I hadn't noticed. But its been happening for a while. Freeus

To: limtex who wrote (25101)	12/14/2000 5:34:07 PM
From: CAtechTrader	Read Replies (4) \| Respond to of 65232

limtex, that is a very good point 6% to zero in 2 quarters is breathtaking. Why these Fed Bozos don't understand that inflation is a monetary phenomena is beyond me. The energy increase has acted like a major tax hike at the same time 6 rate hikes hit. This has killed off the "wealth effect" and now is getting into the "employment effect"! In San Fran office rent rates in some cases are being offered 50% lower in one month. Layoffs and closings in and of dot.com's are rampant. Many landlords who took equity shall never get paid. Many promising ventures that would have driven this economy into the future have been killed off for lack of funding as VC's pull in their horns. Where is inflation? I don't see it...I go to stores before Christmas and prices are slashed and merchandise remains unmoved. Mr. G, get out more often please. contraryinvestor.com search.thestandard.com