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Strategies & Market Trends : Piffer OT - And Other Assorted Nuts -- Ignore unavailable to you. Want to Upgrade?

To: Junkyardawg who wrote (26859)	4/8/2000 3:05:00 PM
From: Augustus Gloop	Respond to of 63513

<<fear is that productivity gains may eventually be lost to rising labor costs>> I have no doubt that the above is true. It's a matter of when. There will be a top on productivity gains and if the labor market remains tight wages will go up. When is the question that I believe he wrestles with. JMO

To: Junkyardawg who wrote (26859)	4/8/2000 3:18:00 PM
From: Cheeky Kid	Respond to of 63513

Did you see this one? Message 13270479 >Because Greenspan has become a legend in his own time, making his job perhaps impossible. His reputation for saving the markets from ruin and nurturing the U.S. economy's longest expansion ever has encouraged investors to take more risk, to bid stock prices higher, to create the excessive wealth that he now publicly laments. Quick gains in stock wealth, he has said, are encouraging consumer and corporate spending, adding a percentage point of annual growth to the economy and threatening instability.<