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To: OLDTRADER who wrote (144677)10/15/1999 2:07:00 PM
From: GVTucker  Read Replies (3) | Respond to of 176387
 
wbm, RE: there is "no inflation"

The most reliable and most highly correlated indicator of inflation is the 39 yr bond. Yields are at a 2 year high.

The second most reliable indicator is the dollar. We all know what the $/¾ has done recently. Today, the œ made a high for the year against the $. And the euro has now retraced half of its early year weakness against the $.

The third most reliable indicator is gold.

Your statement is arguable at best.