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

To: GROUND ZERO™ who wrote (22807)	8/12/1999 7:33:00 AM
From: Michael Watkins	Read Replies (1) \| Respond to of 99985

GZ I think Crystal Ball (is he/she " riceen.com " ?) has a bit too much passion in his opinion of economics to remain objective. But that is my opinion only... Especially since his arguement is based on the Beige Book, which based on my limited understanding, is generally not truly market moving partly because it is 1-annecdotal and 2-mostly looking back in time. I'm no economist but I remain on alert. Too many price shocks make life kind for a while, they all seem to be going away. Plus rate of change in cost indicators is increasing, productivity may / appears to be decreasing. This situation is pretty much exactly what Greenspan highlighted as his foremost concern. He also seems to speak of heading off inflation, not waiting for it to be obvious, therefore I assume that leading indicators will have additional weight. I don't think we are out of the water yet.