Of the state of California reported today that unemployment is up
because of the recent declines in the dot.com stocks -- prior to the big
swoon. Dean Baker, who is gracing our campus with his presence today
expressed skepticism. It made some sense to me since both acquisition
and growth seemed to be driven by stock market prices.
Following this logic, perhaps the stock market has more real effects
than it previously did. Do you agree, Doug?
--
Michael Perelman
Economics Department
California State University
[EMAIL PROTECTED]
Chico, CA 95929
530-898-5321
fax 530-898-5901
