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Strategies & Market Trends : The Millennium Crash -- Ignore unavailable to you. Want to Upgrade?

To: Arik T.G. who wrote (4015)	3/16/1999 2:26:00 PM
From: Smart Investor	Read Replies (1) \| Respond to of 5676

The main problem with the current market is that the monetary policy is too inflationary and is pumping too much money into the market. The real inflation rate is much higher than reported. The number is distorted by rapidly declining price of computers and electronics. For seniors who need to eat and drink, the prices have gone up quite a bit. Housing prices have also gone up like crazy. I think many retirees and people on social security have got cheated for many years with very small or no adjustment on their checks based on the presumption of low inflation which is distorted. Some people say Greenspan did a good job. I would say he did a lousy job and created a bubble stock market (like the Japan bubble market in the 1980s) which people are going to pay for years to come in the future.