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Pastimes : All Clowns Must Be Destroyed -- Ignore unavailable to you. Want to Upgrade?

To: patron_anejo_por_favor who wrote (31249)	5/4/2000 4:49:00 PM
From: pater tenebrarum	Read Replies (1) \| Respond to of 42523

the important thing tomorrow will be the hourly wages... i agree they're more like 125 bps. behind. note i said 75 bps. within at least the next three meetings. that's the minimum i expect in that timeframe. if the data continue to be strong (and they will be...government has stepped up spending mightily in view of the election) and they finally get serious, i can see a maximum of 100 bps. within the next two meetings, especially if the shorter dated debt maturities continue their merry collapse. the one uncertain variable is the stock market...if it goes down the drain, they may get scared. there's already evidence that they are worried about something...the airdrops have been absolutely stunning lately.