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

To: MrGreenJeans who wrote (416)	7/21/2000 10:24:23 AM
From: Justa Werkenstiff	Read Replies (1) \| Respond to of 10065

MGJ: "[It] seems to me that he is comfortable with unemployment in the 4% range also contrary to most commentators." Agreed. See my NAIRU post. Re: " Seems to me Greenspan is comfortable with a GDP growth rate of 4% to 4.5% up from the 3% to 3.5% GDP." I don't think so.. Not much he can do with this year with huge GDP growth in the first quarter so looks like 4% to 4.5% is the best he can get for the year. I think his goal is 3% - 3.5% but knows he can't get it this year on average. Re: "Is anyone here changing their forecast going forward? Or are we all waiting for that insipid inflation that has yet to appear and those monthly rate rises which were anticipated earlier in the year?" I think Greenspan, overall, leaned toward your side yesterday as many expected more hawk talk. My observation is that most commentators are saying the Fed. is done and that a soft landing is coming. So it will be interesting to see how high they can push the market up (if at all) in the coming weeks with this economic backdrop if it holds.

To: MrGreenJeans who wrote (416)	7/21/2000 5:39:44 PM
From: Wally Mastroly	Respond to of 10065

Re: GDP... do out next week --- Economic Calendar: biz.yahoo.com

To: MrGreenJeans who wrote (416)	7/25/2000 10:25:24 AM
From: Wally Mastroly	Read Replies (3) \| Respond to of 10065

Economic data headlines/EDIT - some details: 10:07 JUNE EXISTING HOME SALES UP 2.8% TO 5.23 MILLION RATE VS. 5.09 MILLION IN MAY 10:05 JUNE EXISTING HOME SALES OF 5.23 MILLION EXCEED CONSENSUS OF 5.01 MILLION 10:04 JUNE EXISTING HOME SALES UP 2.8% TO 5.23 MILLION RATE VS. 5.09 MILLION IN JUNE - 10:02 CONSUMER CONFIDENCE INDEX RISES TO 141.7 IN JULY FROM REVISED 139.2 IN JUNE 10:02 PRESENT SITUATION INDEX 185.9 IN JULY VS. 180.1 IN JUNE 10:02 EXPECTATIONS INDEX 112.2 IN JULY VS. 111.9 IN JUNE - Some Bloomberg details: bloomberg.com