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To: dennis michael patterson who wrote (28772)10/8/1999 9:00:00 AM
From: Benkea  Read Replies (3) | Respond to of 99985
 
dennis:

"the hour wage growth isn't that bad."

Yea, the annual rate is ONLY TWICE the STATED CPI :-) The good news is that productivity has been dropping while this has been rising. Wait a minute - that isn't good <g>.

And dennis, while it is only about 3.8% trailing rate, the last two months have been .5 or 7% annualized !!!!!!



To: dennis michael patterson who wrote (28772)10/8/1999 9:01:00 AM
From: flatsville  Read Replies (1) | Respond to of 99985
 
dmp--

You wrote:
Did you hear that guy from Deutsche Morgan yesterday? You'd think Western civ was coming to an end.

Was the guy Ed Yardeni? Youngish looking guy with brownish hair and glasses?

Could you elaborate on what he said and where he said it?

TIA