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Politics : Formerly About Advanced Micro Devices

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To: chic_hearne who wrote (115719)6/13/2000 1:44:00 PM
From: tejek  Read Replies (3) of 1579132
 
I'm watching AG also and I haven't heard anything that leans one way or the other.

I think it all relies on the CPI tomorrow.


chic,

The argument presented by some economists for not tightening is that productivity has increased dramatically due to hi-tech break throughs and the net. In the past he would touch on this subject but would hesitate to endorse the concept.

Today he not only is endorsing the concept but acting as if he invented it. Also note that the Dow and the Naz are improving as he speaks....I think others are getting it as well. I don't believe that AG is a hawk on the fed boards but he has to contend with them. I think this speech is a heads up to them.

JMO.

ted

Having said all that, the fed expert on CNBC does not agree with me.
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