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To: American Spirit who wrote (54116)	6/14/2000 7:34:00 PM
From: UnBelievable	Read Replies (3) \| Respond to of 99985

Fed Survey Sees Economy Cooling and Increased Price Inflation REUTERS June 14 The booming U.S. economy showed signs of cooling during April and May but there also were indications in many regions of increased price inflation, the Federal Reserve said on Wednesday. THE CENTRAL BANK'S latest Beige Book summary of coast-to-coast conditions reported "solid economic growth" but with glimmers of slowing in areas like borrowing and homebuilding. "All but Minneapolis said scattered signs of cooling are in evidence or the pace of growth is slowing," the Fed said. "Indications of worsening price inflation, while not widespread, are reported by several Districts," it added. The Beige Book findings will be used by members of the Fed's policymaking Federal Open Market Committee when they meet June 27-28 to consider interest-rate strategy. Amid growing evidence that the U.S. economy may be losing a step in its 10th year of breakneck expansion, many analysts expect the Fed to keep rates steady for now while it assesses the impact of six interest-rate rises over the past year. The Beige Book noted that some of the past pressure points on the economy like the acute scarcity of people left to hire seemed to be stabilizing, if not actually easing. "Labor markets are tight across all 12 Districts, but the tightness does not appear to have intensified since the last report," the Fed said, referring to the May 3 Beige Book that had warned of growing wage pressures because of the competition to hire people. The latest report said wages for permanent employees "are not said to be accelerating," though it still took sizable raises to attract temporary and seasonal workers.

To: American Spirit who wrote (54116)	6/14/2000 8:25:00 PM
From: Haim R. Branisteanu	Respond to of 99985

AP you defined it in your own words, do you know how many people in Asia love gold? Well around 3.3 Billion of them. except they do like it still in Asia where they're superstitious about banks. Asia middle class are bigger than US population and several European Countries. Just think of the small improvement in their economic situation which will lead to ear-rings, rings and modest gold chains, not speaking about gold hoarding just jewelry. Haim

To: American Spirit who wrote (54116)	6/14/2000 8:49:00 PM
From: Square_Dealings	Read Replies (1) \| Respond to of 99985

<<No rate hikes mean summer rally >> The only problem is that the rest of the world doesn't believe this imo. I really think we are having a hard time convincing foreign investors that the US market is undervalued. A lot of "money on the sidelines" may be crossing the border... They just raised rates .5% in Europe too. So now we get slower sales to Europe, and a falling dollar means we get less profit. Japan is growing at a snail's pace, those guys dont spend money. China is our only hope, once they get the windfall from all the gold they've been buying, and the QCOM options they've been playing against their daily news releases on QCOM <g>. M.