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

To: NOW who wrote (55613)	1/8/2001 11:48:07 PM
From: Archie Meeties	Read Replies (1) \| Respond to of 436258

On my list of things that sets of the WS BS meter is the idea that inflation is slowing, or that it never was a problem to begin with. The truth is that inflation remains higher now that when AG began raising rates. The reason... the type of inflation that arrived was mostly beyond his control. His only chance was to inflate the buck and tone down the effect of rising commodity prices. From the recent NAPM. "NAPM’s Prices Index indicates manufacturers continued to pay higher prices in December. With the index at 61 percent, there is acceleration as the index is 4.4 percentage points higher than November’s 56.6 percent. In December, 27 percent of purchasing executives reported paying higher prices and 12 percent reported paying lower prices, while 61 percent reported that prices were unchanged from the preceding month. A Prices Index below 46.3 percent, over time, is generally consistent with a decrease in the Bureau of Labor Statistics (BLS) Index of Manufacturers Prices. The 10 industries paying higher prices were: Petroleum; Chemicals; Food; Paper; Miscellaneous (a preponderance of jewelry, toys, sporting goods, musical instruments); Transportation & Equipment; Electronic Components & Equipment; Primary Metals; Rubber & Plastic Products; and Fabricated Metals."