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To: marginmike who wrote (37045)	7/23/1999 6:19:00 PM
From: limtex	Read Replies (2) \| Respond to of 152472

mm - Bit of a coincidence. I mean it happened the next day after he spoke this time last year and more or less the same thing this year. Plus the tough language of "we won't hesitate to take firm action at the first sign of inflation" Forgive me mm but isn't he supposed to be watching for inflation? I mean isn't that his job. So what is all this crap about not hesitating to take firm action at the first sign? IMHO it is nothing less than a blatant attempt to fighten investors. And what about the first sign of inflation then huh? There isn't even sniff of it anywhere on the planet. The so called recovery in Europe and Japan appears this week to have been nothing but hype. The Japanese economy is probably stillo in grave danger of deflation. The greeat numbers from the German economy this week turn out to be a consumer survey! Great way to measure the largest economy in Europe... a survey of consumers. News from the French economy this week showed the picture as everyone knows it to be in reality... going nowhere. So what is this crap about the various prices expected to go up because the European and Japanese economies are recovering. I hope Mr Greenspan is nearer to his next meal then he is to a Japanese or European economic recovery. And then we get the laughable comment that its not inflation now that he is worried about but inflation a year or two from now. I am beginning to think that someone in the Fed needs some medical help. Seems to me that what are are in fact seeing is not the first sign of inflation but the first sign of Alzheimers. What about the Congressman who asked why it was really good if corporate earnings went up but very bad if wages went up? How about that for a question? Sorry for the rant but it looks like the inmates are taking over the madhouse. Best regards, L