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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: OWN STOCK who wrote (69301)	2/16/2001 11:34:44 AM
From: TobagoJack	Respond to of 99985

Agree on the stagflation. Disagree on how much the policy folks collectively know or can do about the economy. We leave that to be settled by time. QUOTE "I think this is a one-month (PPI) aberration... (but) clearly it represents a complication in the Fed's mind," said Anthony Karydakis, senior financial economist at Banc One Capital Markets in Chicago. The Federal Reserve has slashed rates by a full percentage point this year in an effort to revive sluggish growth. Top Fed officials have been saying that inflation is largely tame and poses little obstacle to those rate cuts. UNQUOTE And rates certainly trended up today, but as they say, may be simply a one month aberration. I like excitement. I would be quite happy for the maestro to "floor it", as I have always tended to thrive during crisis and emerge in better shape than when I went in. The first quarter econ numbers should be interesting reading, especially if they indicate the usual ... tepid inflation, surging productivity, and booming confidence, centered in California. Chugs, Jay