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echo: god.and.gov
to: Richard Hong
from: Bill Lucy
date: 2000-03-14 17:17:32
subject: Re: I predict: Recession this year

From: Bill Lucy 

In article <38cdb2b4$1{at}w3.nls.net>, richhong{at}hawksci.com says...
> >> Especially given that it's been *negative* for 20 years.
>
> Bill,
>
> What it has been isn't really relevant to the impact it will have now.  Our
> economic growth of the 90s is largely attributable, IMO, to the negative
> growth in fuel prices.

Again, I don't have onhand figures, but I disagree. The move away from a
production economy is the bigger reason for the economic growth.

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