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

To: re3 who wrote (67525)	9/11/1999 9:22:00 AM
From: Giordano Bruno	Respond to of 132070

Abelson is beginning to grasp the new era... The market couldn't quite decide on Friday how to react to the latest data on wholesale prices. They were up 0.5%, which was bad. And there were a few flutterings in investor tummies in response. But the sunshine boys quickly came to the rescue, pointing out that "the core index" was actually down 0.1% in August, which made everything okay. A quick glance at the figures discloses that energy prices jumped 3.7% last month, and food was up an expectedly healthy 0.4%. Raw material prices, moreover, climbed a pretty hefty 4.6%. So, let's see. We pay more for gasoline, a lot more, and for shelter, also a lot more, and for food. Basic material prices are rising, which means we'll soon be paying more for a good many other things, too. But we're not to worry, because the "core" is down. The nonessentials like food, gasoline, heating oil and housing are growing dearer. But the price of things we really need and that we buy every day, like computers, is going down. Thank you, sunshine boys; makes sense to us.