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Pastimes : The Naked Truth - Big Kahuna a Myth
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To: Alias Shrugged who wrote (32000)4/9/1999 12:24:00 PM
From: NickSE   of 86076
 
More bullish news -g-

economeister.com

[...However, economists wondered how long U.S. companies can continue to see their profits squeezed by higher energy and labor costs and a seeming inability to raise prices...]

[...Camilli suggested it's all a little too good to be true, however. "I'm really at a loss as to how long this can continue with corporate profits under pressure from no ability to raise prices and constant pressure to reduce costs and absorb rising wage costs."...]

[...Camilli questioned whether productivity gains can indefinitely enable companies to weather these pressures on profits. "Eventually, if you're not making money you close the door." She said she detected no inclination from anyone in the Fed to change policy...]
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