Ed,.Re:. inflationary pricing due to demand?..
Ed, I didn't reply to your answer a few days ago because it was obvious that you already had your mind made up about demand. But since you've raised the question again, maybe you'd like to peruse the following news items.
Monday June 7, 3:07 pm Eastern Time
U.S. house prices rose at 4.3 pct annual rate in Q1
biz.yahoo.com
Friday June 4, 5:57 pm Eastern Time
Fed has solid case for June rate hike -- analysts
biz.yahoo.com
''The fact we've seen strong demand growth, an increasingly tight labor market reflected in the declining unemployment rate to 4.2 percent and accelerating average hourly earnings point to a Fed tightening move at the upcoming meeting,'' he added.
Thursday June 3, 9:44 am Eastern Time
Richmond Fed's Broaddus worried demand too strong
biz.yahoo.com
RICHMOND, Va., June 3 (Reuters) - Federal Reserve Bank of Richmond President Alfred Broaddus warned on Thursday U.S. domestic demand has been excessively strong over the past year and could overheat the economy, forcing the central bank to react.
Tuesday June 1, 5:29 pm Eastern Time
Air fares rise as top airline rivals raise prices
biz.yahoo.com
The increases apply to leisure travel in the 48 states on tickets bought seven, 14 and 21 days in advance, but do not affect business travel, known as ''walk-up'' fares.
Regarding your comments about the AG being a god, you are the only person I've heard call him that in the 7 years I've been closely following monetary policy. So I would gather from your remarks that you hold some kind of grudge with the Fed in general and AG in particular. Me thinks thou doth protest too much! <g>
Regarding your comment about giving the same speech. If you look at the audience for each speech, you'll see that it was entirely appropriate.
bog.frb.fed.us
April 16, 1999
Chairman Alan Greenspan
Technology and trade
Before the Dallas Ambassadors Forum, Dallas, Texas
June 2, 1999
Chairman Alan Greenspan
Trade and technology
Before the Alliance for the Commonwealth, Conference on International Business, Boston, Massachusetts
Cheers,
Lee
PS - I can provide more links citing demand if required. |
