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To: Jim Willie CB who wrote (71568)	5/5/2000 9:01:00 PM
From: Haim R. Branisteanu	Read Replies (2) \| Respond to of 152472

JW, rent in NYC is going trough the roof 10% to 15% each year for the past 2 to 3 years. Housing cost in NYC are about the same doubled or 100% in 6 years. Just today a quart of milk I bought in the supermarket was $2.15, it was 2.05 only two months ago and $1.85 last year not to mention $1.50 2 to 3 years ago. Bread the same story and those are not seasonal items. As to your referral to gold ....... it is down with a purpose, the US induced other countries to demonetise gold by convincing other central banks to sell their reserves, It has a purpose ..... gold was an inflation indicator and store of value they wanted this destroyed so that you will by their paper ..... e.g government debt ........ gold is not an inflation indicator any more oil is and it doubled over the last year. As to the other things yes there is improvement in productivity but much msaller than the one reported and wages are much higher due to stock option which for all purposes is viewed as income by most if not all employees. alsoo venture to the MDD tread see there some graphs from the FED ...... money supply is exploding to the upside as are corporate, commercial and personal loans. Message 13589531 Haim