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

To: Knighty Tin who wrote (29343)	6/27/1998 3:46:00 PM
From: Knighty Tin	Read Replies (2) \| Respond to of 132070

To All, Barron's is great this week. The Roundtable discussion, especially the comments from John Neff and Marc Perkins, is wonderful. But the best part are the first two letters in the Mailbag section talking about Austrian economics. The first letter lays out in a few paragraphs the basis of our current financial asset bubble. Part of Abelson's column is also excellent, especially the part about US household ownership of stock as a % of net worth is now exceeding the all-time high set in 1968. And we all know that if you bought the S&P in 1968, by 1982, you had lost 70% of your spending power. Of course, stocks are great in the long term. 14 years just isn't long enough. <G> MB