William Greider wrote, >Or perhaps the new uneasiness stems from a creeping recognition that deeper >disorders are stalking the global economy -- deeper than the business >cycle. A friend notices increasing references to the "O word" and the "D >word" -- overcapacity and deflation. Neither term is in the usual lexicon >of economic observers. They hark back to earlier eras, when booms >mysteriously turned into busts. I had lunch at the Vancouver Club (locals will know what that is) a couple of days ago with a stock broker who was talking about deflation as if it were God's gift to the market. I puzzled. Regards, Tom Walker ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ knoW Ware Communications Vancouver, B.C., CANADA [EMAIL PROTECTED] (604) 688-8296 ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ The TimeWork Web: HTTP://WWW.VCN.BC.CA/TIMEWORK/
