When I asked a colleague 'what happened to inflation?' He answered 'it's
happening in the stock market' The price of stocks has risen in response
to excess demand (fuelled by all the forces we have discussed on this list.)
Interesting thought.
arthur cordell
----------
From: Jim Dator
To: Brad McCormick, Ed.D.
Cc: Durant; [EMAIL PROTECTED]
Subject: Re: FW Request for ideas
Date: Monday, May 25, 1998 3:49PM
Thanks for jumping on the garbage truck, Brad. I agree with you about the
stock market pyramid scheme, and also utterly deplore low oil prices, but
why do low oil prices make you sense an "impending tragedy?"
On Mon, 25 May 1998, Brad McCormick, Ed.D. wrote:
> Jim Dator wrote:
> >
> > I concur with Eva's charactearization of the employment situation in the
> > US. The "high levels of employment" found currently in the US are a
cruel
> > hoax at best and cover up a present and impending tragedy, more
> > generally.
>
> May I jump on this bandwaggon? (Or maybe heap more rubbish on this
> garbage truck?)
>
> I think the current "prosperity" is a cover up for an impending tragedy:
> Inflation is *low*? But gasoline proces are the lowest in almost 20
> years. Christmas 1981, I was so impressed by finding $1.139 per gallon
> regular gas at a cut-rate gas station in Albuquerque New Mexico (a
> low-price gas area in any case), that I made a little sculpture
> commemmorating the event, which I still have. In the past few weeks I
> have, for the first time since, seen gas prices
> equal to or *LOWER* than that,
> and in the area where I live (Southern New York, Western Connecticut),
> where gas prices are generally *higher*.
>
> That kind of "prosperity" does not make *me* feel secure! I think
> the main thing that's really "up" is what stock brokers call
> "churning": artificially generating unnecessary financial transactons,
> each of which provides service fees (etc.) to somebody.
>
> \brad mccormick
>
> --
> Mankind is not the master of all the stuff that exists, but
> Everyman (woman, child) is a judge of the world.
>
> Brad McCormick, Ed.D. / [EMAIL PROTECTED]
> 914.238.0788 / 27 Poillon Rd, Chappaqua, NY 10514-3403 USA
> -------------------------------------------------------
> <![%THINK;[SGML]]> Visit my website ==> http://www.cloud9.net/~bradmcc/
>
