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Dear Jim und Max,
<P>Wait for the exhale. The first breath of bad news will blow this
market into a tailspin.
<P>Jim, I noticed your mention of your old college pal. Well, my
old college pal and a guy I cooperated with to graduate is now sort of
the Shirley McClaine of TV economists. I get a big charge out
of seeing him on TV or listening to him on the radio. My guess is
that right now he is in Machu Pechu getting in touch with his inner feelings.
The guy was heart broken when In These Times wouldn't review his new book
a year or so ago---I mean Carl Marx, Shirley McClaine, John Maynerd Keynes
and Rachel Carson in a hot tub together in the Andes---I thought it was
fun myself. Although, I do have to hand it to him, how many people
start their own institute and discipline.
<P>Jordan, just remember they got big Al on tax evasion. Capone that
is not Greenspan.
<P>Have a wonderful day,
<BR>Tom
<P>James Devine wrote:
<BLOCKQUOTE TYPE=CITE>that's fun, Max, but don't you think that the numbers
should be corrected
<BR>for inflation, especially the one that uses your name, Max?
<P>At 12:13 PM 9/2/98 -0400, you wrote:
<BR>>Step 1: This is where you are.
<BR>>
<BR>><A HREF="http://quote.yahoo.com/q?s=^DJI&d=1y">http://quote.yahoo.com/q?s=^DJI&d=1y</A>
<BR>>
<BR>>Step 2: Take a step back.
<BR>>
<BR>><A HREF="http://quote.yahoo.com/q?s=^DJI&d=2y">http://quote.yahoo.com/q?s=^DJI&d=2y</A>
<BR>>
<BR>>Step 3: Now take a deep breath.
<BR>>
<BR>><A HREF="http://quote.yahoo.com/q?s=^DJI&d=5y">http://quote.yahoo.com/q?s=^DJI&d=5y</A>
<BR>>
<BR>>Step 4: Exhale.
<BR>>
<BR>><A HREF="http://quote.yahoo.com/q?s=^DJI&d=my">http://quote.yahoo.com/q?s=^DJI&d=my</A>
<BR>>
<BR>>
<BR>>MBS
<BR>>
<BR>>
<BR>>Attachment Converted: "C:\EUDORA\ATTACH\winmail3.dat"
<BR>>
<BR>Jim Devine jdevine@popmail.lmu.edu &
<BR><A HREF="http://clawww.lmu.edu/Departments/ECON/jdevine.html">http://clawww.lmu.edu/Departments/ECON/jdevine.html</A></BLOCKQUOTE>
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