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To: LLCF who wrote (23024)9/29/2000 11:35:23 AM
From: Thomas M.  Respond to of 436258
 
from Grant's Interest Rate Observer:

SEEING IS BELIEVING

No matter how good the next report on consumer prices may be (it's due on
October 18), it will likely pale before the previous one, which featured
the first monthly decline in the CPI in 14 years. This revelation the
government statistics keepers partially explained by noting a seasonally
adjusted fall in energy prices. Seven days after this amazing news, on
September 22, President Clinton ordered the release of 30 million barrels
of crude oil from the U.S. Strategic Petroleum Reserve. He presumably had
not heard about the statistical bear market in energy prices contained in
the August inflation report.