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To: Zardoz who wrote (33158)	5/5/1999 9:55:00 PM
From: Ahda	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 will go wih your CPI figures which come out at about 11.2 "i am unable to see where the growth has dropped." Check out the trade deficit, the trade deficit is a benefit at present if we had high trade figures our unempolyment would drop below what it is now and we would for sure be in inflationary conditions . check out Coke's growth. Do not follow like juice. Ethics.use to be coke aholic Maybe many of the DOW has reached saturation levels already. Financial bubbles can continue to corrections. You a have many problems here you have over extensive mergers and finance and you will see more in the next year. The question being the forcast of growth is the future and future of three to four years is long range in questionable currency world is not ideal What is holding up the DOW & S&P? Have the I-nets turned? Is technology lagging? Many of the I nets are the public cry called opium without PE . The reality is too many dollars out there called Uncle Sam . "I wonder if Greenspan has reinstated the boom bust cycle of economics?" Not yet but yes he has The new paradigm was growth without a bust, by controlled inflation. Conceal inflation Print .