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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host -- Ignore unavailable to you. Want to Upgrade?

To: Wally Mastroly who wrote (10487)	10/20/2000 1:52:21 PM
From: MrGreenJeans	Read Replies (2) \| Respond to of 42834

Wally "...``The main driver is the basic tightness in the U.S. labor market. Layered on top of that is what I think will be some pass through from higher energy prices into inflation expectations and wage demands,''..." Economic growth is clearly slowing so I would expect the labor market to stay the same or soften somewhat. Higher energy prices do not impress me as I think Goldman Sachs has the correct forecast of decreasing oil prices sometime in the spring. So all and all these two concerns do not concern me.