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Strategies & Market Trends : ahhaha's ahs -- Ignore unavailable to you. Want to Upgrade?

To: DMaA who wrote (4799)	7/15/2002 9:54:04 AM
From: ahhaha	Read Replies (1) \| Respond to of 24758

I respect Art. His calculation is no better than many others which reach the opposite conclusion. Barring some highly unlikely policy changes that would collapse profits and push interest rates a lot higher -- such as higher tax rates, across-the-board protectionism, wage and price controls or a complete reversal of Federal Reserve Board policies -- the pessimism prevalent today is entirely unwarranted. None of those negatives are unlikely. They seem to be growing in likelihood. We have to do something. We have to shoot ourselves in the foot because we've been bad. If you haven't been bad, others will have to pull you down to make sure you get their fair share.