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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?

To: kendall harmon who wrote (41436)	3/18/2001 4:55:28 PM
From: LTK007	Respond to of 56537

One of the matters that amuse me with these economist is how easily they can miss the obvious.Did we escape inflation the years just behind us,and imo opinion,no way,we are in fact just coming out of galloping inflation.How so? The market bubble was where inflation was(and it was inflation out of control),not in the job market,but in the market,and as such,employees were not screaming for more wages as they had THE MARKET. Now the market has deflated,and as we created a Market that drives the economy and not as it should be,the economy driving the market,as such,the economy will have a dreadful time recovering as the market reprices itself to the old economy valuation parameters,which would mean levels still well below what we have now,that's a common sense view,not an economist view:) max

To: kendall harmon who wrote (41436)	3/18/2001 5:07:33 PM
From: LTK007	Read Replies (1) \| Respond to of 56537

Kendall my comment on this is<<<<Economists, this writer included, tend to take the longer view. What we see is an inflation-free, fully employed American economy in which productivity is steadily rising, making possible continued gains in living standards as workers produce more goods and services in fewer hours. We see a world economy that continues to integrate, so that on this the globe's resources are used with increasing efficiency. We also see huge new markets becoming available as centrally directed economies adopt the free-market model. Reforms in China will unleash and motivate its millions of workers, enabling them to gobble up the goods the world's industrialised economies produce. And Russia's markets will grow once Vladimir Putin disarms its cowboy capitalists and introduces the rule of law."" is this is the blitherings of utopian airheads,they are just academics failing to view their "new economy" BS is absurd.It is the kind of stuff Jonathan Swift would put into "Gulliver's Travels" in one his acidic satires.that's my view.max