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To: Jim McMannis who wrote (98090)	2/2/2000 5:25:00 PM
From: GVTucker	Read Replies (4) \| Respond to of 186894

Greenspan reacts, he isn't proactive. If there are a few more rate hikes this year, then inflation will be the cause of the boiling water, not the Fed. And that water is getting awful hot right now. It isn't just oil prices, either. Look at any industrial commodity. Aluminum and nickel have both doubled. Prices for all paper products are up sharply. I know I'm preaching to the crowd with you, Jim, but IMO, inflation is here, and there isn't anything the Fed can do about it right now.