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To: Mark Hutnick who wrote (5048)	1/1/1998 11:42:00 AM
From: Bucky Katt	Read Replies (1) \| Respond to of 116756

MH-- Your lucky, my prop tax went up a whopping 11% because of a local high school referendum. Grade school referendum is coming this spring. I have gone to school board and municipal meetings in the past, and they tell people if they don't like the taxes, they should move to Arkansas! This from elected board/council members! The hubris!

To: Mark Hutnick who wrote (5048)	1/1/1998 2:20:00 PM
From: Jim Ilchyshn	Read Replies (1) \| Respond to of 116756

Mark, My head starts to spin when I think about the inflation/deflation scenario! Anything to do with the government has gone up...namely taxes. Start to throw in a few extras like insurance( life, medical,auto), utility rates (cable, electricity, water, garbage collection) bank rates (those bastards make money when do anything...touchy subject - I'm going to start charging them for looking at my money!). (Need a bigger mattress) Now take a look at automobiles... you can't buy a standard anything for less than 20 G's (Canadian). *side note - the government doesn't include the price of extras in the vehicle price when measuring inflation - things like air bags, catalytic converters, chrome bumpers, but try and buy a car without them. They do this so that they don't have to increase payments like social securtiy which are indexed to inflation. Now the deflation side of the story, in general most commodities are much lower as indicated by the CRB Index which has bounced off of multi-year lows. I look at the price of computer memory - I paid $450 Cdn for 8 Mb of memory 3 years ago. Now I can get 32 MB of memory for $70 Cdn (Remind me to short Intel next week). I can buy 2 chocolate bars for $1.19 when I paid $1.00 for one 2 years ago. It seems that most things which can be mass produced are cheaper in price (electronics especially) whereas anything involved in the service sector (finance, labour intensive businesses) have increased. Now when you throw in the Asian turmoil, it adds another complexion to the already seemingly unattainable inflation/deflation answer. When you can now produce something for 1/2 price in $US terms in South Korea/Thailand/Taiwan due to currency depreciation and everything they buy from the U.S. costs twice as much I just cannot see continued growth in the U.S. markets. I'm so confused.... - Jim.