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To: puborectalis who wrote (60773)9/10/1999 8:39:00 PM
From: Sosmartinov  Respond to of 120523
 
Did I mention PAIR luvs to throw headfakes, today was the mother of them all though. Probably a buying opportunity but nobody is going to calm down soon enough to think about it.



To: puborectalis who wrote (60773)9/11/1999 1:12:00 PM
From: kendall harmon  Respond to of 120523
 
Washington post article on the PPI:

<<Although the PPI provided some reassuring news on inflation, economists noted the Fed will be watching more closely for the release Wednesday of figures from the consumer price index, which is also expected to be bumped upward by rising gasoline prices. The CPI also includes the price of services, such as health care, financial services and transportation, which account for about half of what consumers buy and are excluded from the PPI.

"The PPI is still at or near the bottom of the Fed's worry list," said Oscar Gonzalez, an economist with John Hancock Mutual Life Insurance Co. "[Federal Reserve Chairman Alan] Greenspan will glance at this report, but his concern is focused on jobs, wage pressures, productivity and the CPI.">>

washingtonpost.com