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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Les H who wrote (18402)	6/24/1999 9:39:00 AM
From: bearshark	Read Replies (2) \| Respond to of 99985

Les: It has probably been noted here before. However, Greenspan, in his Greenspeak laden Greenspeech, pointed to a lag time in affecting the economy through monetary policy. In looking at the Beige Book, it appears that the U. S. is running out of workers. With the Asian economies growing and seeking our exports, a greater demand for workers should be expected. However, there are actual instances of bidding wars for specific talent. Also, there is competition for sales clerks, etc. The Greenspeaker also mentioned that the foreign economies can deal with increased U. S. rates at this time. Other fedsters were yapping about productivity not bailing out the labor shortage as in the past. Some used their own version of greenspeak in stating that things that controlled inflation are disappearing. I assume the Greenspeakers and the quiet FOMC Family members are now eyeing the booming U. S. economy and growing exports with concern. Where will the new workers come from they are asking? Perhaps we can look to past U. S. Presidents for ideas. Peanutman is now building houses as a day-laborer, so he is doing his part in adding to our labor resources. President Bush is providing advice to his son about recession creation to relieve the labor strains just in case the shrub becomes president. Finally, and most significant of all, is our current President. He has been impeached for doing what we really need to have done. This fellow is quite willing to increase our labor force with reckless abandon. Now, if we just accept him for what he is and cheer him on as he goes about increasing the labor force.