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To: Master (Hijacked) who wrote (10196)	5/11/2000 11:12:00 AM
From: Hank Stamper	Respond to of 24042

"It is precisely my point, he is fighting his mortal enemy, INFLATION. But my question remains, has anybody else seen the enemy or is it a figment of his imagination?" With respect, I think your point interesting but very academic. To me the real point is: What does the (Green)man in charge think? I don't care whether he is right or not. I just care what he thinks and does. On the question, however, there were clear signs of potential impending inflation last fall (FIBER) and now we have indications of actual inflation (e.g., benefits and wages). Greenspan has remarked on this; he said: 'inflationary forces have been partly offset by fabulous increases in productivity. Only partly, so up go the rates and down goes the money supply growth.' Ciao, David Todtman

To: Master (Hijacked) who wrote (10196)	5/11/2000 12:41:00 PM
From: Boplicity	Read Replies (3) \| Respond to of 24042

Master, You have hit on one of the great things about this economy and also one of the conditions that I feel will make it harder for the fed to control it. When are in the mist of a economy that changing, that is very fluid, adaptable and is more connected world wide the every before. Companies are find more efficient means to go about doing their business, the up shot to low employment. I feel the FED is using last millennium methods to control an economy that can change faster then they can act, which in turn makes it harder for them to achieve the ever elusive soft landing, that might not even be needed. My fear in all this is a long protracted sideways market, or worse the FED will over shoot like it has some many times before and cause a recession Greg