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To: Tony Viola who wrote (64550)	1/26/2000 3:29:00 PM
From: T L Comiskey	Read Replies (2) \| Respond to of 152472

Wednesday January 26, 2:59 pm Eastern Time U.S. stocks stay mixed in late action after Greenspan (updates to late afternoon) NEW YORK, Jan 26 (Reuters) - U.S. stocks stayed mixed in late trading on Wednesday after Federal Reserve Chairman Alan Greenspan, whose comments are watched for clues on interest rates, said the Fed's challenge was to avoid potential inflationary imbalances. Greenspan, appearing before the Senate Banking Committee, which is considering his reappointment as chairman, made no reference to the immediate outlook for interest rates. Investors are increasingly betting on at least a 25-basis point increase in borrowing costs when the Fed's interest rate-setting committee meets next week. ``So far so good about what Greenspan is saying,' said Charles Payne, head analyst, of Wall Street Strategies. ``I think the Street wants to send a message to him: 'We want to trade higher. Don't hurt us.' The Dow Jones industrial average (^DJI - news) was up 40.95 points, or 0.37 percent at 11070.84. The broader Standard & Poor's 500 Index (^SPX - news) was down 1.09 points, or 0.08 percent at 1408.94.

To: Tony Viola who wrote (64550)	1/26/2000 3:33:00 PM
From: Skeeter Bug	Read Replies (2) \| Respond to of 152472

>>He continually gives the credit for keeping inflation, even with unemployment low and demand high, under control, to productivity gains gotten from technology.<< so people aren't misled, nearly 50% of gdp growth is based on chained dollars - not actual dollars. ow, it is a statistical fallacy meant to dupe flks. no other country uses chained dollars to measure gdp and the us didn't do it until the mid 90s. why did they start? gdp didn't grow as fast as "expected" (by who???) so they manipulated gdp up nearly 100% with fantasy chained dollars. the productivity argument is a joke when one knows the facts. this is a case where self interest drives paradigm paralsis - a terminal disease of certainty.