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Politics : Idea Of The Day

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To: IQBAL LATIF who wrote (18200)	4/30/1998 6:33:00 PM
From: Lee	Read Replies (1) of 50167

Hi Iq,..Re:<< Markets are not about deflation or inflation rumors they are about bottom lines and last quarter has answered most of the gloom and doom prophets adequately. >> How right you are. Q1 GDP of 4.2% and a lower than expected ECI of 0.7% with benefits only up 0.8% pretty clearly defines the economic fundamentals which we enjoy. I missed getting in on the June 119 c by waiting until after the ECI. (Can't trade in a fast market because of 10 min delayed BMI signal data.) But there are more opportunities almost daily and it was gratifying to see that the bond market recognized our good fortune. Now the pundits are saying it is expected that the economy will slow for the second half, but this is the same thing they said at the beginning of 1997 and also at the beginning of 1998 so we can just watch the basic data and make our decisions accordingly. A summary of events is described below for your info. economeister.com Analysts: Strong GDP, Low Inflation Help Keep Fed On Hold For Now. Regards, Lee

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