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To: GST who wrote (73515)	8/12/1999 9:43:00 PM
From: Mark Fowler	Respond to of 164684

Most estimates for the core are either flat or up one tenth of one percent with the 'headline' number (including energy) up three tenths. A core up 1 or 2 tenths would be a small problem -- bond yield at 6.3 or a little higher. A core up 3 tenths or more and we have a real problem. Similarly, a total increase of say 4 tenths or 5 tenths and we have a problem. A problem is very possible.<< Well i can deal with this and good chance the energy component will be little higher this time because of seasonal factors too... gas prices here in california have been stable and no signs of rising inflation around here. Where i see some inflation is inside your head, excuse me i mean, in wages because of our tight labor markets...just how much f-cking gold did you buy?;)