Alan Greenspan MUST GO: Message Board

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Pastimes : Alan Greenspan MUST GO:

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To: Master (Hijacked) who wrote (13)	5/24/2000 6:06:00 AM
From: JDN	of 494

Very sorry situation to have to rely on a CRISIS to cause the FED to WAKE UP and face reality. Inflation just DOESNT EXIST outside of oil and tobacco and possibly food stuffs do to acts of nature. Anyone bought a car, refridgerator, T/V lately? Prices are nearly unchanged or sometimes EVEN LOWER than a year ago. Wages represent on average less than a third of the cost of production and are dropping due to productivity gains. To think reasonable (and thats all they have been outside the EDP field) wage increases cause inflation is prepostorous. JDN

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