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Technology Stocks : Ascend Communications (ASND) -- Ignore unavailable to you. Want to Upgrade?

To: Lutz Moeller who wrote (55040)	10/2/1998 8:52:00 AM
From: tepli	Respond to of 61433

Dear Lutz. I disagree with you that the Euroland faces fiscal looseness followed by inflation. Argument: No government in the western world can ignite inflation by widening their public debt. The disinflationary trend in the other sectors of the economy is just too strong. Look at Japan, budget deficit is 5 % of GDP there and yet the economy is close to deflation. Germany has poured trillions of DM's to the former DDR and no inflation has followed. I just don't buy those Keynesian arguments. "I only invest in tech, as that's the only thing I understand." Keep on investing :) Regards, tepli