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Technology Stocks : Dell Technologies Inc.

DELL 146.68

-1.7%

Nov 7 9:30 AM EST

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To: Mohan Marette who wrote (95107)	2/5/1999 11:16:00 AM
From: Lee	Read Replies (1) of 176387

Hi Mo,..Re:.'This data should be reassuring to those who thought we'd fall off the face of the earth in 1999. They also thought that in Dec. '97, ala, these kinds of gains and economic momentum can't continue. <G> And at the end of '96 if I remember correctly. The forecasters are a bunch of Jobal Fisks so their outlook, and therefore, forecasts are always gloomy. Thanks for the comments, she's been more right than most probably because she's in Chicago instead of DC or NY. <g> But she said also the wage growth was not contributing to inflation because we keep getting new jobs but forgot to mention that productivity has enabled some of this as well. Also there is a good paper at the Fed site about the quality of these new jobs compared with the heavy manufacturing jobs that predominated 20 years ago.

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