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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: russwinter who wrote (37485)	8/1/2005 12:46:35 PM
From: Tommaso	Read Replies (1) \| Respond to of 110194

This morning I pulled out a yellowing and brittle paperback by Harry Schultz, first published in 1972: "Panics and Crashes . . . And How You can Make Money Out of Them." On page 204 I read: "Inflation in Brazil has led primarily to investment in real estate and service industries, which have enjoyed abnormal growth. This is because, as the gap between rich and poor increases, the market is increasingly for the rich." Badly-calculated U. S. government statistics have been masking the beginnings of a Brazil-style inflation, it seems to me.