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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: pater tenebrarum who wrote (16316)	9/6/2000 2:32:24 PM
From: AllansAlias	Read Replies (1) \| Respond to of 436258

Yea, that gets me about 75% back to even. -g What do you think here? Is fade the way to go or do you still believe in a late-day rally? I'm now thinking fade as we are so weak and I do not see any motivation to manipulate this market higher. A breather is a good thing. -g This thing hasn't met any resistance that could not slap its sorry azz down.

To: pater tenebrarum who wrote (16316)	9/6/2000 2:37:14 PM
From: Ken98	Read Replies (3) \| Respond to of 436258

Clownspeak: <<ORANGEBURG, S.C., Sept 6 (Reuters) - There is "very little" inflation in the U.S. economy, Federal Reserve Bank of Richmond President Alfred Broaddus said Wednesday in an especially upbeat speech on the U.S. inflation outlook. [EX-ENERGY, EX-HOUSING, EX-FINANCIAL ASSET PRICES, EX-NON CASH LABOR COSTS, EX-HEALTH CARE COSTS, EX-HIGHER EDUCATION COSTS, EX-HIGHER TAXES] Broaddus, who usually warns in his speeches that inflation threatens to take the sizzle out of the U.S. economy, credited the Fed for taking the "inflation problem by the horns". He noted that the Fed's efforts have led the general public to not expect inflation to rise in the future. [IF A TREE FALLS IN THE FOREST....ALSO STATED, IF WE SAY ENOUGH TIMES THERE "IS NO INFLATION" AND NO ONE "EXPECTS" INFLATION, THERE CAN BE NO INFLATION...] "The Federal Reserve has succeeded, with a lot of help from a lot of sectors on the economy, in bringing the inflation rate down steadily over the last 10 to 15 years to a point where there is now really very little inflation by longer-term historical standards," said Broaddus, a voting member on the Fed's interest rate-setting Federal Open Market Committee. [HUH?] Broaddus credited gains in productivity -- or worker output per hour outside the farming sector -- for keeping a lid on inflation, but warned that the technology-driven productivity gains may not continue at such a rapid pace. [DIDN'T BROADDUS USE TO BE AN INFLATION HAWK, LOOKS KIND OF NEUTERED NOW...]>> Seriously though, something must be going on behind the scenes for the Fed to pumping so furiously and now coming out with New Era speak clearly signalling no more rate hikes for the foreseeable future?