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To: Mohan Marette who wrote (53956)7/24/1998 3:50:00 PM
From: Lee  Read Replies (2) | Respond to of 176387
 
Hi Mohan,..***Off Topic**

Sorry this guy got hate mail but his reasoning leaves a lot to be desired per the following comments.

He replied that "When asked yesterday by Rep. Kennedy, what would be the worst thing to happen to the country if the stock market crashed, he answered,
And the answer was -
why a great deal of debt would be unserviceable." Not that people mwould lose their savings or see their portfolios shrink..

Well this is a big DUH! Does common sense come in here?

Also, the reference to fighting inflation where there isn't any by still fighting inflation where there isn't any was another DuH! How does he thing inflation has gotten this low without Greenspan's vigilance? The whole argument is moot.

By the way, inflation isn't entirely gone. Look at the chart below.
dismal.com
We may be turning the corner and of course, once the Asian economies recover and demand is again stimulated, then commodity prices won't be at the lows that we are enjoying today.

Just my 2 cents

Lee