To: paul richards who wrote (6175 ) 3/17/2001 10:15:07 PM From: IQBAL LATIF Read Replies (2) | Respond to It will be interesting to see this charts with US GDP in 1977 and US GDP in 2000, also it will be most interesting to see the inflation rate and the long bond rate in the Carter years and what happened after that. It will also be most interesting to see what DOW made in sales in 1977 and 2000, the three wealth creatiing era's in the entire histroy of mankind were 1870 to 1899, next 1950-1965 and next was 1989 to the present times, the rate of growth of per capita income in these three era's were unprecedented, if you analyse this chart with information I have requested and add on that 'cost of communication in 1977 was 3000% higher than now' (a tel call to NY from london today and 1977. 4.80$ TO 2 CENTS), the distance was not yet dead and world was not one country and global trade was just a fration of what it is now, THE FRONTIERS OF GLOBAL trade were limited not to a great extent from 1930's, you may well realize that this DOW comparison if all the precedent factors are taken into account is 'full of fear' and highly inaccurate and mis-representative of the markets and the earning prowess than and now. The crowd does not care to listen to these facts, no one will take the courage to post the comparisons, the post will remain un-answered the chart will continue to raise a lot more fears a lot more questions.. All this justification makes me more concieted, more arrogant and more irresponsilbe, but I refer to no books I was made by such thinking I may come to an end with these dreams in hand only, but such are my believes..and dreams have been true since 1982..
