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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Don Lloyd who wrote (99265)	6/19/2003 8:55:33 AM
From: Joan Osland Graffius	Read Replies (2) \| Respond to of 132070

Don, Yes, there is a disagreement on the reason for the end of the depression. This speaker felt that the Bush administration was following the popular myth theory. This speaker was interesting in that he believed in cycles where capitalism has inflationary cycles and deflationary cycles and believed we are entering a deflationary cycle that governments can not control over the long haul. His point was Greenspan and the government will do everything in their power to keep things glued together until the election in 2004. He was not recommending their clients bet on this to occur as they are selling into this rally. If this fellow is correct and I tend to agree with him the important question is how do we financially survive in an a deflationary economy