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To: Sid Turtlman who wrote (597)	11/30/1998 10:48:00 AM
From: Arik T.G.	Respond to of 686

Sid, >>One of their most intriguing is stock offerings as a percent of GDP. This figure has been running at about a 2% rate for most of the last several years. If you assume that most of the money raised gets spent over a several year period, then that means that almost all of the growth in the economy of the last few years came from the spending of money raised in the stock market. Good point. One more reason I wasn't aware of to call this the greatest bubble since the South Sea Bubble. ATG