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

To: Wally Mastroly who wrote (12266)	3/6/2000 1:37:00 PM
From: Justa Werkenstiff	Read Replies (1) \| Respond to of 15132

Wally: This speech was key IMO. Compared to his last speeches which crowed about the productivity in the US economy, this one offered very little of that tone. Usually this takes up half of his speech. Not today. Instead, he has hammered home the negative side of productivity. I will have to check the number of times he mentioned "imbalances." Funny, that is exactly the word I was looking for in his speech. The tone has changed at the Fed. and the change is an important one IMO. Quote: "Until market forces, assisted by a vigilant Federal Reserve, effect the necessary alignment of the growth of aggregate demand with the growth of potential aggregate supply, the full benefits of innovative productivity acceleration are at risk of being undermined by financial and economic instability."

To: Wally Mastroly who wrote (12266)	3/6/2000 5:02:00 PM
From: Wally Mastroly	Read Replies (2) \| Respond to of 15132

Looks like only the Russell 2000 in positive territory today... www2.barchart.com - The ascent of the Russell 2000: charts2.barchart.com

To: Wally Mastroly who wrote (12266)	3/7/2000 8:56:00 AM
From: Wally Mastroly	Respond to of 15132

4Q Productivity Rises at 6.4% Rate; Labor Costs Decline + (mostly) favorable headlines: The productivity of U.S. workers - a key Measure of workers' hourly output - grew 6.4 % in the fourth quarter, the government said Tuesday, in line with Wall Street forecasts and well above the Labor Department's initial estimate of 5 percent growth. 08:30 Q4 NONLABOR UNIT COSTS UP 9.9% 08:29 Q4 MANUFACTURING UNIT LABOR COSTS PLUNGE 5.5%, BEST SINCE 1961 08:29 Q4 MANUFACTURING PRODUCTIVITY JUMPS 10.3%, BEST SINCE 1982 08:29 Q4 UNIT LABOR COSTS FALL 2.5%, EVIDENCE PROFITS AREN'T BEING SQUEEZED BY WAGES - Bloomberg link with some details: bloomberg.com