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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?

To: Wally Mastroly who wrote (7525)	8/6/1999 9:01:00 AM
From: Wally Mastroly	Read Replies (1) \| Respond to of 15132

Jobs data - instant views; consensus = 24 Aug rate hike 'a lock' (PPI next week, CPI the week after): biz.yahoo.com

To: Wally Mastroly who wrote (7525)	8/6/1999 9:30:00 AM
From: Ian@SI	Read Replies (3) \| Respond to of 15132

Wally, re: Jobs data much "worse"* than expected* Ask the 310,000 people who actually got hired if they think this is "worse". Ask the retailers where they'll be spending their money if they think this is "worse". Ask the companies whose products are being bought if they believe this is "worse". As posted here before, we've seen practically no inflation; and no signs of actual inflation. ... only the irrationally feared type seems to be on the distant horizon, where it is staying. IMO, as long as Capacity Utilization remains in the low 80s and the Fed doesn't do anything stupid to increase the monetary supply, and Congress doesn't screw around replacing Free Trade with Protectionism too much, there's close to zero probability of inflation any time soon. This was a great report. Ian.