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To: Ahda who wrote (33153)	5/4/1999 4:38:00 PM
From: Broken_Clock	Read Replies (2) \| Respond to of 116791

"Growth" of debt has caused this bubble. period.

To: Ahda who wrote (33153)	5/4/1999 5:48:00 PM
From: Zardoz	Read Replies (1) \| Respond to of 116791

Inflation has past the growth rate: if you believe that CPI is a bad measure of inflation; or if you prefer, that monetary supplies reflects inflation rates better. "i am unable to see where the growth has dropped." Check out the trade deficit, check out Coke's growth. Maybe many of the DOW has reached saturation levels already. Financial bubbles can continue to corrections. What is holding up the DOW & S&P? Have the I-nets turned? Is technology lagging? "I wonder if Greenspan has reinstated the boom bust cycle of economics?" The new paradigm was growth without a bust, by controlled inflation.