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To: John F. Dowd who wrote (86624)	8/5/1999 11:55:00 AM
From: Jim McMannis	Read Replies (1) \| Respond to of 186894

JFD, RE:"If you see higher prices maybe you should invest in the food processors or supermarkets that are gouging you. JFD"... I'd love too but the one I want to buy, Publix, is privately held. I already own various food producer stocks. How do you explain the back up in long bond rates? Someone is seeing inflation, not you but someone. <G>

To: John F. Dowd who wrote (86624)	8/5/1999 1:19:00 PM
From: Barry Grossman	Read Replies (2) \| Respond to of 186894

John, Isn't it just amazing that a year ago the WOTM (worry of the moment) was deflation. How the flop flips! For what it's worth, the segment of the market that I'm quite involved with as a middleman, is chemicals - quite a basic indicator in costs of almost all manufactured and processed goods. The only price increases that I see happening are in petrochemical based stuff and they are really modest. On the other side of the coin, there continue to be strong price declines of basic commodities coming to the USA from such countries as China, Thailand, Malasia, Japan and Germany. A strong dollar and mucho capacity is the reason. Then there is the continuing effect of increased productivity of the selling sector on the cost of goods to the end user and there is another deflationery tendency. I have a personal effect on this one. <g> Net effect at the moment - zero inflation. Just FWIW. Barry