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To: GVTucker who wrote (127486)	2/16/2001 9:24:47 AM
From: Road Walker	Respond to of 186894

Stagflation? Need to look inside the numbers. John

To: GVTucker who wrote (127486)	2/16/2001 9:43:47 AM
From: L. Adam Latham	Read Replies (1) \| Respond to of 186894

GVTucker: Re: Only a little OT, January PPI was up 1.1%, with the core rate up 0.7%. Why would anyone who buys gasoline for their car and heats their home with natural gas, propane, or heating oil be surprised at this? Here in St. Louis, Laclede Gas has actually requested the state to approve a price decrease for natural gas, so hopefully this will help PPI in the upcoming months (after bitterly cold weather in December, temps around here have been above normal recently). Are other gas companies requesting price reductions around the country? Adam

To: GVTucker who wrote (127486)	2/16/2001 11:12:53 AM
From: William Hunt	Respond to of 186894

GVTucker ---the stagflation that the FED created by killing the one tool that was counterbalancing inflation ---productivity . The month of January saw the most layoffs for that month since 1993 . What Greenspan has done is box himself into a corner with no way out as long as the OPEC cartel controls energy prices . We need a long term national energy policy to dig ourselves of this situation that the Clinton administration dug for us over the last eight years . Greenspan needs to ignore oil ( he cannot control the price unless he puts in a deep recession ) and help the economy and technology ( productivity ) get back on track . If he was to raise interest rates here we would not bounce back for at least two years . As far as a tax cut ---forget it ---we can not spend what is not there ( budget surplus ) BEST WISHES BILL