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To: long-gone who wrote (53624)6/3/2000 9:22:00 AM
From: goldsnow  Respond to of 116815
 
ECB officials, who set rates based on expectations for inflation a year or more in the future, have said they're concerned that faster economic growth and the euro's slide, which boosts the cost of imports, will prompt companies to raise prices. The region's money supply, a gauge of inflationary trends that the ECB tracks, expanded at a record pace in April.

``There's a growing need for action'' by the ECB, said Otmar Lang, an economist at Deutsche Bank Global Markets Research.

quote.bloomberg.com



To: long-gone who wrote (53624)6/3/2000 12:01:00 PM
From: William Harvey  Read Replies (1) | Respond to of 116815
 
The market may be right that the economy is slowing but the 357 thousand temporary workers hired by Census will not be around to be hired for anything else. Higher incentives will be needed to hire those remaining unemployed. The 100k jobs that were lost may well have belonged to those now working for the Census. Greenspan only cares about inflationary concerns and with total employment up, things are more inflationary than ever.



To: long-gone who wrote (53624)6/5/2000 8:38:00 AM
From: LLCF  Read Replies (1) | Respond to of 116815
 
"That news sent the dollar into decline and gold on the rise. The dollar's strength recently has kept a lid on gold prices, because gold sold in dollars becomes relatively more expensive in other currencies"

Quick... someone tell Ron that gold is still a currency.

DAK