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To: Les H who wrote (15750)	9/2/2000 3:40:47 PM
From: Haim R. Branisteanu	Respond to of 436258

The press is starting to bring more inflation issue ot the front but is J6P aware that inflation is bad for stocks?? Others cited the psychological negative that soaring energy prices will have on the consumer and producer price indexes through year-end. With the PPI and CPI trending higher, the bigger the odds of more interest-rate increases as inflation-fighting Alan Greenspan, the Fed chairman, turns up the noise about the damage that escalating oil prices will have on the economy. GOODBYE TO ERA OF ULTRA-LOW INFLATION ``You'd never know there was a crisis on Wall Street,'' says Stephen Leeb, editor of Personal Finance, a financial newsletter. ``Like the rest of America, the investment community thinks the high price of energy is just temporary. Prices are not going to come down. In fact, they are going to continue to soar.'' Oil prices have more than tripled since February 1999, climbing from an unusually depressed $10 to more than $30 a barrel. nytimes.com