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To: clochard who wrote (144933)1/20/2002 3:47:04 PM
From: Joan Osland Graffius  Read Replies (2) | Respond to of 436258
 
Steve, Re: inflation.

This is an interesting subject. Our car companies started the ball rolling on no interest rate sales as well as many retailers like Best Buy, etc. My question is have they started teaching the public that prices will be lower if I wait to purchase goods. This happened in Japan and the consumer got smart very quickly. The psychology of "if I wait until tomorrow to purchase goods they will be cheaper".

As far as services are concerned, as people loose their jobs they start working providing services for cash. I have started to see some this in the Minneapolis area.

I don't know what will happen, but it should be interesting.

Joan