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To: Bid Buster who wrote (240820)	5/15/2003 12:07:21 PM
From: reaper	Read Replies (5) \| Respond to of 436258

bid-buster, agree with your characterization (goods prices, generally imported, generally down; services prices, generally domestic, generally up). i still contend, however, that imported goods prices will continue to fall despite a falling US dollar as that US dollar will be indicative of fading US demand thus exacerbating the supply/demand imbalance in global manufacturing capacity. as to the frequent response that domestic services prices are way up (and they are), for all those who accuse me of driving with my rear-view mirror, i would return the accusation <ng>. it has long been my contention that the NEXT big move in service prices will be down, as the excesses in those industries will be exposed by the coming deficient demand. we've already seen, IMO, the opening salvos in travel-related services (air fares; room rates; rental car prices) with more to come. of course, healthcare prices will never come down but that is not an "inflationary" phenomena, it is a result of stupid counter-productive meddling by far too many bureaucrats. Cheers