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Technology Stocks : Dell Technologies Inc.

DELL 133.35

+0.1%

Nov 28 9:30 AM EST

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To: Lee who wrote (131769)	6/8/1999 10:34:00 PM
From: Ian@SI	Read Replies (1) of 176387

Lee, It seems that the government has substantially overestimated the inflation in the system. Quarterly Output Revised Lower Output in the nonfarm sector rose at a revised 4.4% annual pace in the first quarter, the Labor Department said, while hours worked advanced an unrevised 0.9%. In the government's preliminary report, released in early May, the government estimated that output rose 5%. In the fourth quarter, output and hours worked rose 7.4% and 2.9%, respectively. The cost of labor input to produce one unit of output, or unit labor costs, increased at a 0.7% annual rate in the first three months of 1999, compared with the preliminary estimate of a 0.3% rise. In the fourth quarter of 1998, unit labor costs dropped 0.4%. Whole story at: interactive.wsj.com Do you think this revision will cool off the hawks? ... or will they remain hawks to their dying day? Ian.

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