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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 671.910.0%Nov 14 4:00 PM EST

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To: Yogizuna who wrote (13692)5/12/1999 7:08:00 PM
From: Lee Lichterman III  Read Replies (2) of 99985
 
>>Your wife is more right than wrong I'm afraid. Inflation is very much still with us. <<

Haven't seen this posted yet but in case it was missed this morning...

Wednesday May 12, 9:45 am Eastern Time
(Note: this article is ''in progress''; there will likely be an update
soon.)

Atlanta Fed's inflation gauges show April surge
NEW YORK, May 12 (Reuters) - The Federal Reserve Bank of Atlanta said on
Wednesday several gauges of inflation in its monthly survey of U.S.
Southeastern manufacturers showed a marked uptick in April.

''Current price indexes have been volatile but clearly firmer in recent
months than during the latter part of 1998,'' the Atlanta Fed said in a
commentary accompanying the release of its April industry activity index
that slipped to 13.7 from a revised 14.1 in March.

''The prices-received index jumped back into positive territory and was at
its highest level since July 1997,'' the Atlanta Fed pointed out.

The prices received component of the Atlanta Fed index shot up to 6.8 in
April versus minus-5.6 in March and 1.1 in February. That index had fallen
to minus-17.2 last November, close to the height of the global financial
crisis.

''The prices-paid index also turned positive, reaching its highest level
since January 1998,'' the Atlanta Fed added, while noting that reports of
rising prices were not yet broad-based as ''about two-thirds of the
respondents reported no change in prices.''

The prices paid component of the Atlanta fed index shot up to 6.9 in April
versus minus-2.3 in March and minus-6.6 in February. Six months ago, it was
at minus-14.1.

(Note: this article is ''in progress''; there will likely be an update
soon.)

biz.yahoo.com

PS - And Causabon good points about the *OT*

Anyone know what happened to Don? Did we upset him with the debate onthe China bombing on the thread or is he just taking a much deserved break?

Good Luck,

Lee
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