Roger's 1997 Short Picks Message Board

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Strategies & Market Trends : Roger's 1997 Short Picks

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To: Roger A. Babb who wrote (5181)	9/7/1997 1:30:00 AM
From: Michael	of 9285

Heard the end of Greenspan's speak on CSPAN. He clearly stated that today's measure of inflation might be statistically flawed . In today's ever changing world using yesterday's standards of measurement might led to incorrect measurement of the current state of the economy. There might be unmeasured inflation that will have to be study more(Greenspan's speech was given at Stanford) . How can the market not read this as bearish??? Any whiff of higher inflation means higher interest rates a.k.a. lower stock prices. Irrelevant comments by then Sec. Of Treasury James Baker on a weekend in Oct. 1987 were later blamed for causing Black Monday. Your Friend, Michael

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