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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: IQBAL LATIF who wrote (28205)	8/14/1999 10:28:00 PM
From: Jerry Olson	Read Replies (1) \| Respond to of 50167

IKE my friend and trading cohort...it isn't necessary...we know and understand, how accurate you've been for so long... defend nothing..and keep on the path you've chosen....let the idiots ridicule, let them besmurch you, let them "trade against you'", but forget these assholes... i have long ago, illiminated them.. forever..in the anals of the dead file..the noise mongers, the unsophisticated, nearsighted naysayers.... IKE...forget them, they have nothing to contribute but garbage.... i hate and despise them all...they sicken me... let them be for now....to wallow in their own despair and disgust... waste not one minute of your time and effort on shortsighted people of little or no experience, or merit...they give us nothing...ever... just their constant stupidity and fearful thoughts... ignore these people..they exist for nothing and noone...just to aggitate and accuse...what could they know...little at best, and more over, nothing for sure..they havn't got a clue... i for one have learned to read and understand you....i'm a better trader for that... Thanks IKe..my warmest regards to you and your family...from me and mine.... someday very soon , we will meet in gay Parree, and toast to all things good and joyous.... my very best to you.........Jerry

To: IQBAL LATIF who wrote (28205)	8/15/1999 12:25:00 AM
From: AlienTech	Respond to of 50167

The stock and bond markets' jubilant reaction is out of relief that inflation continues to remain at bay despite strong economic growth and low unemployment. Throughout the 1990s, inflation has steadily declined, allowing our economy to prosper in an era of relative price stability. Stable prices create an environment in which businesses feel confident in making investments in new technology and new employees. Stable prices also are a direct cause for low interest rates, which encourage spending by both businesses and consumers. The end result has been soaring profits for Corporate America and a higher standard of living for all Americans. And, it all goes back to stable prices. Alan Greenspan will tell you the same thing. The Fed Chairman has stated that stability in the general level of prices for goods and services is a necessary condition for maximum sustainable growth. Of late, Greenspan has been worried about potential imbalances from tight labor markets that could cause wage inflation and eventually inflation across all goods and services. The G Man has also voiced his concerns about the rapid increases in the stock market for the past several years, which has induced consumer spending from the so-called "wealth effect," which comes from seeing one's brokerage account balloon. Nevertheless, with all of the moving parts in our complex economy, Greenspan ultimately considers price stability to be the #1 goal for the Fed's monetary policy Actually, the PPI is not an especially good predictor of the CPI because the methodology in determining the two numbers is very different. While both numbers are used as a measure of prices, the PPI and CPI have distinctly different purposes. The PPI measures prices on the wholesale level, and thus only includes the producers' costs, which are limited to the inputs from which final goods are made. The PPI doesn't include such costs as sales taxes, which of course impact consumers and thus rightfully are included in the CPI. In addition, the PPI only includes the prices of goods, whereas the CPI includes the prices of both goods and services. Not surprisingly, then, the PPI tends to show a lower level of inflation than the CPI. Here's how the two numbers have stacked up over the past few years: Annual Price Increases (not including food and energy) PPI CPI 1995 2.6% 3.0% 1996 1.4% 2.7% 1997 0.3% 2.4% 1998 0.9% 2.3% 1999* 1.1% 1.8% *Year-to-date fnews.yahoo.com