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To: Wayners who wrote (19972)	7/31/1998 10:05:00 AM
From: joe	Read Replies (1) \| Respond to of 45548

>>Economists are dolts. Whenever they are looking for inflation--expect there to actually be a recession and vice versa. I've heard a lot idiots the last two years claiming a return to the 1970 and early 1980 inflation scenario. I thought we would have gotten a recession about a year ago, but looks more like 1999 or 2000.<< I don't think Greenspan's a dolt, but he acts like Jimmy Carter's 20% interest rates in 1980 we're just yesterday. Sometimes, I think he's not letting the economy grow by worrying too much about inflation. But better to overworry than under worry. Anyway, now E.Asia forces him to stay put...otherwise interest rates would be up.