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To: Frodo Baxter who wrote (409)	8/15/1998 1:18:00 AM
From: Robert Douglas	Respond to of 3536

Maybe Thurow's been wrong so much, he has stopped making predictions. A while back I wrote a few critical words on the predictions of Mr. Thurow. Message 3768890 Here is an incredible description he made of the Soviet Union in 1989. "Can economic command significantly compress and accelerate the growth process? The remarkable performance of the Soviet Union suggests that it can. In 1920, Russia was but a minor figure in the economic councils of the world. Today it is a country whose economic achievements bear comparison with those of the United States." -Robert

To: Frodo Baxter who wrote (409)	8/17/1998 9:15:00 AM
From: Chip McVickar	Respond to of 3536

Lawrence Kim - Robert Douglas Thurow writes in a larconic "tight lippered" style that plays down the content of his material. But he also cranks out books at about 1 per year which gives him a stronge following and has taught a great many people economic theories. Also he has helped build one of the top economic departments in the country at MIT. Many consider it far better then most of the Ivy walled universities.....it is stronge on math and abstarct theoretical economics...with a few nobels. No economist is often correct in their predictions. Actually "nobody" is very good at predictions....up or down all of the time. This piece however is Not a snoozer.......it opens a conversation about deflationary pressures that are already in place. Very few people have any idea of what a deflationary cycle "smells like" looks like or how one plays the field. A case can be made to descibe the end of this countries bull market as an "Equity Bubble coupled with a spiraling deflationary environment"..... It is certainly worth watching for and being aware of....but it is Not entirely in place....it needs another shoe to fall. I suggest you read the article again. Thank You for posting it.... Chip