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To: Jerry Miller who wrote (21683)	6/13/1999 2:17:00 PM
From: ChinuSFO	Respond to of 41369

Greenspan would be providing his customary report to the House on Thursday. I guess investors would be keenly following his address to seek out any clue he may provide on the impending rise in rates. The question is not if and when the rise will come but how many this year. Would the FED pre-empt anticipated inflationary pressure brought on by the Balkan rebuilding. It is a given that the world will participate in the rebuilding of the Balkans thereby providing the impetus for growth of the world economy in general. While the Fed is keen to ensure the turnaround of the world economy, they also would like to keep inflation in check here. A tough job for Greenspan and Co. That is why I guess they are paid the big bucks. Have you folks heard about the Andrea Mitchell watch and any signd of "pillow talk" that she may provide with her body language? Interesting bunch of reporters, eh?