To: ~digs who wrote (7850 ) 7/9/2001 1:15:17 AM From: craig crawford Read Replies (1) | Respond to of 57684 thank you. i'm not sure what to be more proud of, the fact that someone liked my post or the fact that i inspired a lurker to comment. i have never seen your name post here before so it makes me wonder just how many lurkers there are out there who don't post on this thread. interestingly enough, i just came across an article that sort of outlined some similar ideas as my post, although they come to a slightly different conclusion than i do. you would think i took some of the ideas from this article to make my points in the post, but i assure you it was just coincidence that i ran across this article talking about the same sort of things i mentioned today, namely that there has been weakness in japan and europe over the past decade and that slack in demand has kept commodity prices low which of course helped our productivity and kept inflation low. the only difference is, they claim that when the global engine picks up again, the rise in commoditiy prices will only be temporary, except maybe in the case of oil because of the cartel. i take the view that rising commodity prices won't go on forever, but it could last for the remainder of the decade or longer. also, they posted some data that supported my points that people like chinese and indians are not going to be just working in factories anymore for low wages but there are a huge number of engineers coming from those countries. i think those engineers will take their knowledge and use it to help their countries to become economic engines of growth. of course if even a small fraction of the populations of china or india start working skilled labor for higher wages that will drive up the demand for commodities as they eat better and consume more luxury items. of course it will have a snowball effect as other chinese and indians see what is possible. JANUARY 31, 2000 The New Economy It works in America. Will it go global? Message 16046206