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To: MulhollandDrive who wrote (26560)	8/6/1999 11:10:00 AM
From: jopawa	Read Replies (2) \| Respond to of 93625

bp, You sound so much like Mile when he's out of the stock!<gg> John

To: MulhollandDrive who wrote (26560)	8/6/1999 11:20:00 AM
From: DMaA	Read Replies (1) \| Respond to of 93625

Productivity is still going up and according to the latest figures wage increases have been matched pretty well with that increase: WSJ: Last week, meanwhile, the government's report of an unexpected 1.1% rise in the second quarter employment-cost index rattled financial markets last week. Such wage gains can be acceptable to monetary-policy makers when productivity growth rises fast enough to offset higher wages. However, recent figures suggest productivity may be cooling after a period of unusual strength. Nonfarm productivity in the second quarter rose at its slowest clip in two years, increasing a tame 1.3%. We both agree the productivity figures are bogus but it's all Greenspan has to work with.