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

To: Ken98 who wrote (28744)	10/16/2000 10:11:17 PM
From: Ken98	Read Replies (4) \| Respond to of 436258

And the daily Clownspeak Report: <<MONDAY, OCTOBER 16, 2000 11:34:00 AM EST SEA ISLAND, Ga., Oct 16, Reuters - The U.S. economy thus far has not taken a hit from skyrocketing oil prices, Federal Reserve Bank of Philadelphia President Anthony Santomero said on Monday. "At this moment there is not sufficient evidence of concern," Santomero told reporters at the Atlanta Fed conference on e-finance. He said, however, that the Fed was closely watching the higher oil prices' effect on the broad U.S. economy. Santomero said the U.S. economy appears to have "slowed down" from the red-hot pace seen earlier this year and noted that gains in worker productivity were helping to keep a lid on inflation even as firms were forced to increase wages to hire and retain workers in a tight labour market. "We are at the moment in a very good situation," he said.>> Excuse me Mr. Santomero, would you like another shrimp coctail?