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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club
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To: Carl R. who wrote (5687)6/9/1999 8:33:00 AM
From: Ian@SI   of 15132
 
Carl,

The revision downward was due to much lower output than originally estimated. Thus the economy is not as strong as was previously thought; and the danger of inflation is much less in the eyes of the bond ghouls.

I agree fully with your sentiment that more output at less cost is a wonderful thing from almost every perspective with the one exception of that perverted perspective perceived by the bond (word beginning with "P" and rhyming with "RICKS". <VBG>).

Ian.
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