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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Les H who wrote (67382)	9/8/1999 3:24:00 PM
From: PaperChase	Read Replies (1) \| Respond to of 132070

No need to apologize. I'm just being my usual aggressive self. <g> I was reading warnings like that starting over 3 years ago. I try not to listen to them. I wonder if that guy is recommending any stocks. Through the years I go tired of reading about the fund managers who to paraphrase said "That's it, this market is overvalued, and we've sold all our long positions and are on the sidelines." Funny thing is that they later forgot to tell us when they bought back in. The fed is a friend to the market, and when he isn't, then he is nothing more than an old man in a suit that no one listens to for more than a day. <g>

To: Les H who wrote (67382)	9/9/1999 9:29:00 AM
From: bill meehan	Read Replies (3) \| Respond to of 132070

Les, you might be interested in the following from the St. Louis Fed's August 1999 "National Economic Trends" talking about changes in how the CPI is calculated: "For example, the BLS now allows for more consumer substitution between CPI item categories. This captures the effect, for example, of gasoline prices rising more than prices for all other goods, which causes consumers to 'substitute' by buying less gasoline and more of all other goods." I know that when I see a big increase in gasoline prices, I always switch to bacon grease. <g>