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| subject: | Re: I predict: Recession this year |
From: Bill Lucy
In article , 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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