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To: BGR who wrote (125339)	9/24/2001 10:49:05 PM
From: yard_man	Read Replies (1) \| Respond to of 436258

You confuse effect and cause. You will never understand that the latter part of the 90's was an era which allowed for the building of gross imbalances. While your stocks were rising at 20% a year, did you really believe that the country was really getting richer in real economic terms or did you even care whether it had any basis in reality? If you are like most Americans you didn't really care, because you felt richer. It certainly looked like in the future you wold be able to acquire more, live a more carefree life -- it's a good thing that you could enjoy the dream -- because that's all it was for most. It simply wasn't possible for the mass of folks to monetize those dreams -- had they been able to do so -- prices of real goods would certainly have to have risen dramatically, since a good part of the rise in stock prices was simply an expansion of the money supply. Value added was very small compared to the rise in asset prices -- hard for most to comprehend, I know. especially when many new corporations were started up and had fantastic sales growth year over year.