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

To: Les H who wrote (70478)	11/12/1999 5:41:00 PM
From: Knighty Tin	Read Replies (1) \| Respond to of 132070

Les, Karisel is far ahead of the average Wall Street economist. He is right about the Core is everything less any item that went up. And the same is true for govt. numbers, in general. Clinton did not say, "it's the economy, stupid." He said, "the suckers are stupid in economic matters, so let's just jerry-rig the numbers to make disaster look wonderful. Then we can make it with all the pudgy interns we like." <g>

To: Les H who wrote (70478)	11/12/1999 6:29:00 PM
From: Les H	Read Replies (1) \| Respond to of 132070

Hacker Caught Manipulating Stock Prices on Electronic System news.excite.com Scientists May Grow Artificial Human Sex Organs news.excite.com sort of like the lab mouse with the human ear grown on its back

To: Les H who wrote (70478)	11/13/1999 8:13:00 AM
From: Freedom Fighter	Read Replies (2) \| Respond to of 132070

Les, I don't disagree with the desire to get a clearer picture of inflation by smoothing out the moves a little. But the idea is being abused. At a basic level, if people are paying a lot more for food, tobacco, and energy, they have less money available for "core" items. So either there is some leveling effect between the two over time or persistent increases mean something. Some sort of rolling average of all items is probably a good idea. Now try convincing the "bulls". That's sort of like explaining the dangers of drug abuse to a crack head. (g) Actually its more like trying to explain to AG.com that when stocks move 30 points a day it isn't because of declining risk premiums, high return on capital, earnings or interest rates. It's because he's destroying the financial system by continuing to give the crack heads another fix. (g) Wayne