Cents and Sensibility - Kimberly and Friends' Consortium Message Board

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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium

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To: Kimberly Lee who wrote ()	5/4/2000 9:23:00 AM
From: Bryan	Read Replies (1) of 108040

Nice plug for CNQR......no way this should be in the single digits. Their products help spur productivity while keeping inflation in check.....and that is one of the primary objectives of the FED. Interesting that they were mentioned in this article after today's numbers. Read on: Higher Productivity After languishing at about 1 percent in the 1970s and 1980s, productivity growth in all U.S. businesses has been nearly triple that rate during the past three years. Higher productivity has helped companies boost profits while keeping a lid on labor costs, which account for about two-thirds of all business costs. Cummins Engine Co., the world's leading maker of diesel engines, deployed last month a computer program that simplifies day-to-day business tasks for its employees, thereby reducing operating costs and increasing business efficiencies. With Concur Technologies' "Concur Procurement," Cummins will be able to streamline each step of its corporate procurement process -- from purchasing a box of paper clips to a desktop computer. Gains in productivity are crucial to the economy's ability to continue growing without sparking higher inflation and can give the Fed time to take a measured approach to raising interest rates. "It is the strong productivity growth in the U.S. combined with favorable world inflation environment that has helped keep U.S. core inflation as controlled as it has been in recent years," William McDonough, president of the Federal Reserve Bank of New York, said yesterday in a New York speech. quote.bloomberg.com Good luck today, B

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