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To: Tim McCormick who wrote (5562)	2/7/1999 4:05:00 AM
From: Scrapps	Read Replies (2) \| Respond to of 9236

In a nut shell...we are going through a revolution which many creditable minds compare to the Industrial Revolution. Should this be the actual case...it makes understanding and predicting the economy many times more difficult then usual. I tend NOT to believe those so called experts who claim to understand and explain what is happening and why...instead I choose to listen to those who simply say...WOW, this is a whole new ball game. It's not my intent to target your observations with these comments, except one item does raise a question...where do you suggest a person store their savings...in real estate, stocks, bonds, banks, S&Ls, precious metals...and just where does the gov. look to count or determine savings rates? TIA, Scrapps

To: Tim McCormick who wrote (5562)	2/7/1999 12:08:00 PM
From: Jim S	Read Replies (1) \| Respond to of 9236

Outstanding post, Tim. Whether we are in a "new era" or not, some of the traditional rules of economics still apply. My main surprise is that interest rates and inflation have taken so long to respond to the pressures of high employment and consumption (more dollars chasing relatively fewer goods). IMO, we can thank the meltdowns in Asia and (to a lesser degree) Latin America for the comparative oversupply of energy and some manufactured goods for our recent prosperity. But, your post was well thought out and well presented. My compliments. jim