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Gold/Mining/Energy : Gold Price Monitor

GDXJ 112.58

-1.5%

Dec 15 4:00 PM EST

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To: Gabriela Neri who wrote (8207)	3/11/1998 1:45:00 AM
From: Abner Hosmer	Read Replies (2) of 116814

Was looking for your friend Stephen Roach and I came across this interesting site: lp-llc.com >>...it is important to stress that there continues to be little direct evidence in support of the view that there has been a significant improvement in underlying productivity trends in the US economy in the 1990s. If that conclusion is correct and productivity growth returns to its subpar underlying trend at precisely the point when wage pressures are building, then there is little to stand in the way of rising inflation and declining profit margins in 1999.<< a contrary view: lp-llc.com >>Importantly, pricing power remains at a very low ebb. Only 1% of respondents reported that they were able to successfully pass through a price increase-one of the lowest readings in a quarter century.<<

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