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Strategies & Market Trends : Asia Forum
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To: Robert Douglas who wrote (5858)8/29/1998 9:23:00 PM
From: Sam   of 9980
 
Robert,
A few days ago you reprinted this from a WSJ article: <<Mr. Hafer said the 'segments of the economy that usually sense the deflationary squeeze first - farmers, livestock ranchers and oil producers - already are feeling it. "Their incomes have been severely hampered," he said. "And they're going to have to, stop spending money." The next sign of deflation to watch for, he said, will be a sustained drop in consumer -spending figures.">>
Well, the latest numbers on income and spending just showed income up and consumer spending down for the first time in 2 years. One month does not make a trend, but every journey begins with a small step. Greenspan and the Fed should cut Fed Funds at their next meeting, if not sooner.
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