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Technology Stocks : Cisco Systems, Inc. (CSCO) -- Ignore unavailable to you. Want to Upgrade?

To: SouthFloridaGuy who wrote (59186)	5/1/2002 11:36:42 PM
From: GraceZ	Read Replies (1) \| Respond to of 77400

Actually tax burdens for the average American are higher than in the 70's Inflation wound up making up the difference, its a tax everyone pays. Where were the corporate rates in comparison? We always have inflation but the rate of inflation has been declining since 1982 or so. So far we have no concrete proof the rate is accelerating aside from a bottoming action in some commodity prices which may have more to do with a rise in inflation expectations than an actual rise in the rate of inflation. You obviously haven't done a lot of reading if you think neither is on the horizon. Being a possibility on the horizon and being here are two different things. I didn't have to read about the seventies and inflation I actually lived through it. As for reading about the money supply, I track the permanent reserve creation. I'm a dedicated Fed watcher. The activist Fed does risk bringing back the business cycle and they do risk bringing back the out of control inflation we saw in the seventies. So far deflationary pressures and the rising dollar have bailed them out. There's little comparison in the business environment between then and now. The seventies were one of the worst stock market environments, one of the most horrendous environments for American business. The seventies would be hard to beat in this regard. We're no where near there.