Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 230.17

-1.4%

Nov 7 9:30 AM EST

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To: molemania who wrote (25632)	10/22/1998 9:48:00 PM
From: Proud_Infidel	Read Replies (1) of 70976

Dave, I have heard in the past AG make the case for wage inflation, along with asset inflation, to justify high rates. I cannot say I heard him make the case this last time though. However, in regards to the Nov meeting, I think it is safe to assume, at the very least, that since he no longer staunchly holds to the Philips curve/"inflation is just around the corner" model as he once did, that he is more likely to lower them because of the Oct move. The Oct move is an implicit admission that inflation is currently dead, and the war that must be fought is the war against deflation being imported from SEA. It is my firm belief there will be another 25 point basis drop come November, barring circumstances that change the current picture between now and then. Brian

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