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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?

To: Justa Werkenstiff who wrote (9779)	11/10/1999 8:37:00 AM
From: Wally Mastroly	Read Replies (1) \| Respond to of 15132

Re: PPI -Producer prices dip(but core up)- Edits/Beware of irrational exuberance.... 8:32 a ET Wholesale prices fell 0.1 percent in October, the government said Wednesday, below the 0.1 percent increase forecast by economists and September's jump of 1.1 percent. cnnfn.com Headlines: 08:35 PPI CAR PRICES UP 1.1%, TRUCK PRICES UP 0.8% 08:35 PPI CORE EXCLUDING VEHICLES UP 0.1% 08:35 PPI CRUDE GOODS PRICES FALL 1.6% 08:35 PPI INTERMEDIATE GOODS PRICES UP 0.3% 08:34 PPI UP 2.7% IN PAST 12 MONTHS 08:34 PPI CORE MORE THAN EXPECTED 0.1% GAIN 08:34 PPI HEADLINE LESS THAN EXPECTED 0.1% GAIN - usatoday.com Negative excerpt: "..core rate of inflation at the wholesale level rose 0.3% in October, above the 0.1% increase analysts were expecting in the core rate. In September, the core rate grew by a sharp 0.8%..."

To: Justa Werkenstiff who wrote (9779)	11/10/1999 4:24:00 PM
From: Wally Mastroly	Read Replies (1) \| Respond to of 15132

PPI (+ weekly unemployment data)- according to Bloomberg: bloomberg.com For the wall of worry<G>, a couple of negative excerpts: ' ...unemploynment...statistics could add to Fed concerns that a shrinking pool of available labor puts pressure on companies to boost wages to attract and retain workers... - and on the PPI: "..The Fed tends to focus on the core rate rather than the overall index because often-volatile food and energy prices aren't as clear an indicator of trends in inflation. ''The question the Fed has to ask is whether these increases are symptomatic of a wider emerging problem,'' said Ian Shepherdson, chief U.S. economist at High Frequency Economics in Valhalla, New York. ''This report muddies the waters.'' ..."