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Politics : Idea Of The Day

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To: Judy who wrote (18454)	5/23/1998 3:29:00 PM
From: Sonki	Read Replies (1) of 50167

hi jude, nance and all: FOMC min. + dell FOMC Minutes: FOMC members at the March interest rate policy meeting voted for steady policy, but adopts a tightening bias in an 11-1 vote as inflation concerns were raised due to strong domestic demand..... judy, HOW CAN THEY AHVE 11-1 bias when there is no inflation to speak of. ya, one can argue re: wage inflation: and this is my argument. 1. if productivity is proven then there is no wage inflation. 2. if there is no prodcutivity w. wage inflation then earnings should be hurt and we will automatically slow down. I just don't understand what they are seeing that i m not seeing. Fed does not want to surprise us and wants to give us plenty of time cool things down so i don't want to argue against Fed. butt what am i missing??? we have Joe Batapaglia(sp?) and many other analysts telling us rates are falling ? so which is it? or did i misunderstand these 11-1 vote? thx. ------------------------ dell ---------------- here is a dell article in barrons, if it has anything positve to say re: dell, then dell is surely going to go down to the price we want for a good trade. people are so in love w. this company that it's going to come down slowly instead of fast fall. interactive.wsj.com

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