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To: Victor Lazlo who wrote (73521)8/12/1999 10:36:00 PM
From: GST  Respond to of 164684
 
Victor -- I agree completely. Signs of inflation in the pipeline at this stage, especially anything that indicates a trend, and we have a problem because of the lag time in responding to changes in rates -- and that of course leaves the door open for a jump in long bond yields well beyond a bump in short rates. Looking at the overnight markets, the futures are selling off, the dollar is lower and gold is flat. We don't have long to wait for the first installment.


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