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To: Kirk © who wrote (6460)	8/6/1998 9:01:00 AM
From: Wally Mastroly	Respond to of 42834

>Worst case of ''bad breadth'' in modern memory...< Message 5424694 Almost all the world markets are down (hold on to your wallet): quote.yahoo.com HK stocks end at lowest since Jan 95 as rates rise biz.yahoo.com

To: Kirk © who wrote (6460)	8/6/1998 1:59:00 PM
From: Math Junkie	Respond to of 42834

**OT** Richard, you must live in CA and own agricultural land Right about California, wrong about the agricultural land. But I thought this way when I lived in Washington State and Massachusetts, too. We can afford to pay much more for food than we do now which would stimulate more production if it were left to market forces. Maybe you and I can afford to pay more, but that is not true of everyone. But the main problem with leaving it to market forces is the time lag to get more land in production. By the time you find out that the weather or whatever has significantly reduced your harvest, it's too late. And then someone is going to go hungry until more food is grown. There is a time lag in adding new chip capacity, too, but the consequences of not having enough chips are not that dire. The consequence of not having enough food is that someone will die. There have always been famines somewhere in the world. Why didn't market forces stop them from happening? I think and hope that politicians in this country have figured out that letting people go hungry every time crop yields are down is bad for their careers.