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what's happening?



Has Clinton's run of  good luck right ended?  Will the same momentum
that drove the stock market up continue to work in reverse?  Will
Greenspan continue to raise interest rates because of the fear of
inflation?

I have been expecting something like this for a long time, but so far
nothing has happened.  If it continues, what dog will Clinton wag?

--

Michael Perelman
Economics Department
California State University
michael@xxxxxxxxxxxxxxxxx
Chico, CA 95929
530-898-5321
fax 530-898-5901




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