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To: D.J.Smyth who wrote (140811)	8/27/1999 6:58:00 PM
From: Fangorn	Read Replies (1) \| Respond to of 176387

Darrell, Even AG will laugh if he reads your spin. Right now my sides are hurting. But I still can't find "inexplicable" which is... well... inexplicable!!!

To: D.J.Smyth who wrote (140811)	8/27/1999 9:57:00 PM
From: Mike Van Winkle	Respond to of 176387

Hi Darrell, I too burst into laughter. I had another more sobering understanding of what AG said and that was that with goods becoming more virtual the Fed was having real trouble evaluating inflation. If you think about it, inflation is pretty much a commodity index. Accountants too have problems with virtual things, that is once you get beyond pencils, desks, walls, bricks and mortar (like internet companies!!!!) what do you do? The information revolution is finishing the job of destroying old economic metrics, makes prediction more difficult (impossible) for AG, and makes the bond market go mental as some have pointed out. Cheers Mike