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To: russwinter who wrote (10961)	5/14/2003 9:26:54 PM
From: jrhana	Respond to of 39344

<How about deflation? Take a look at your bills for insurance (health, home and car), home property taxes, gas, heating, college tuition, and anything the shrinking middle class might want. The CPI is up 3% from April 2002 - April 2003, the dollar is off 30%, and the Fed gets away with actually talking about deflation as a threat. Speculators will look back and laugh. John Q Public will look back and cry.> Somehow I found the above a fitting companion to the following: Message 18943533 Do they want another internet bubble, more Enrons? I feel this all will end up in POG and Commodities going berserk, but I see they are not giving up without a fight. My broker just mentioned to me that those guys I see hanging around his office have been making good money lately off of such stalwarts as EMC and AMZN.

To: russwinter who wrote (10961)	5/14/2003 10:35:37 PM
From: philv	Read Replies (1) \| Respond to of 39344

The "Moral Hazard" essay should be required reading, definitely worth a book mark. Thanks for posting it. Phil