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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club

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To: marc ultra who wrote (7569)8/7/1999 4:52:00 PM
From: Boca_PETE  Read Replies (1) of 15132
 
marc u: RE: <The first few minutes - salient points>

Concern about future inflation rose this week with the onslaught of bad data during the past 10 days:

Friday's report 300M new jobs 50% greater than consensus estimates.

Average hourly earnings rose .5 (6% / yr annualized rate)

Columbia University LeadingInflation Indicator up 5th consecutive time,

Productivity slipped.

Employemnt Cost Index (ECI) up.

If inflation rears its' ugly head, this could have huge ramifications on our investment portfolios.

FED seeking to get soft landing in the face of barrage of bad data.

Expect 1/4% rate hike at August FED meeting under Greenspan's gradualist approach.

Market visibility still poor.

P
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