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

To: Archie Meeties who wrote (38735)	6/8/2000 6:59:00 PM
From: patron_anejo_por_favor	Respond to of 42523

Archi, looks like Fleck and his informers agree with Patron (from today's Rap): Too many cooks?. . . Away from stocks, the fixed-income market was very heavy for most of the day until our boy Larry Summers got on the tape and said the Treasury must maintain and even accelerate the debt repayment schedule. That was good for a quick pop in the bonds. There's another potential interpretation, and that is that Larry knows what tomorrow's PPI is and wants to get the bond market firmed up in front of it before it gets clobbered. My friend Gerry Stanewick says his best contact, who samples a lot of the same sources the BLS does, thinks that we'll get a 6/10 of a percent reading tomorrow, versus the expected 2/10. The CRB index was up 5.3 percent, the Journal of Commerce Price Index was up 3.6 percent, the Goldman Sachs Commodity Index was up 10.5 percent and crude oil was up 13.8 percent. If we do get something on the order of 2/10 of a percent, you will know unequivocally that it has been cooked. Let's hope he's right....