Nothing new here.  It's just the old contrary contrarian thesis in list form.  Besides 
since when are economic vulnerability and expansion incompatible?  Unless somebody is 
predicting disaster, catastrophe, species-extinction,  vulnerability and expansion go 
hand in hand.

-----Original Message-----
From: Doug Henwood <[EMAIL PROTECTED]>
Sent: Jun 18, 2004 10:43 AM
To: [EMAIL PROTECTED]
Subject: Re: [PEN-L] Deflation?

Hmmmm, I think it's worth testing the hypothesis that when PEN-L gets
a thread going on economic vulnerability, the economy is about to
accelerate. This is a good real-time test.

Doug

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