Roger's 1998 Short Picks Message Board

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Strategies & Market Trends : Roger's 1998 Short Picks

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To: Joey Two-Cents who wrote (7827)	4/24/1998 11:18:00 PM
From: Pancho Villa	Read Replies (1) of 18691

JTC: as usual, thanks for a most informative reading list I particularly enjoyed the last one. >Despite this, with unemployment below 5 per cent and still falling, it looked to be only a matter of time before inflation manifested itself in wages pressure. Because monetary policy operates with a lag of at least 12 months, the FOMC, if it believes price stability will be under threat, has to act before those wage inflation pressures began to take effect. So far, for the US economy, the Asian crisis was seen as something of a blessing in disguise. However, now that most of the statistical information is available for the first quarter of 1998, it is evident that economic growth remains stronger than expected - or hoped.< Back in early February I was saying this dilicate balance would not happen and it didn't. My dear friend IMO we are getting closer... Pancho

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