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To: Robert Rose who wrote (14899)	5/25/1999 5:52:00 PM
From: donald sew	Read Replies (2) \| Respond to of 99985

Robert, >>>> I understand that is the historical range, but isn't this the 'new economy?' I hate to use an overhacked phrase, but the internet does seem to me to be transforming our economy in a fundamental way that only a few other technologies have yet to do in human history. On that basis, an historic pe range may not be very relevant. <<<<< Throughout history there has always been "new economies". The OVERSEAS TRADING COMPANY mania of the late 17 hundreds was a major component of colonization of most parts of the world by the western powers. Colonization changed the worlds economy and all these new colonies had new economies. I highlighted colonization since it was tied to a major mania, but throughout history there has always been new economies. Over time, new economies are no longer new and face temporary or permanant deterioration. Im a strong believe in the 50 year cycle, and many may not know that there is mention of such in the BIBLE. I'm not a overly religious person, but do view the BIBLE as a history book. It is also in the interpretations. seeya