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

To: MrGreenJeans who wrote (13965)	5/27/2000 3:49:00 PM
From: Hank Stamper	Read Replies (1) \| Respond to of 15132

Mr. Greenjeans, It does look like some elements of the economy have been moderated by the interest rate hikes. It also looks like the liquidity tightening has slowed the speculation in the naz. (Astute, that last statement.) I have been thinking: the inflation in wages and other employment compensation will take longer to moderate. Looking back, wages and compensation only recently began to accelerate beyond a sustainable level. Last in, last out. If there is validity to my thinking, we may need the employment numbers showing a strong reversal before Greenie is comfortable again. Ciao, David Todtman