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To: GVTucker who wrote (128517)2/28/2001 11:36:09 AM
From: William Hunt  Respond to of 186894
 
GVTucker ---Thanks for the feedback . The CPI numbers were with food and energy included per briefing.com . From what I understand natural gas prices plus OPEC tax hike have cause a drag on the economy . As far as the core the latest I have heard on that issue is that medical costs have been rising at an 8% annual rate .
I was just listening to Alan Greenspan on TV and he said the FED' policy had no part in causing the " economic slowdown "we are currently going through . You have to really wonder if he is trying to talk the market up or is he that far off base . The stock market is saying we are in a recession . Local companies in my area are laying off and they are not in technology ( Navistar ---500 employees , Federal Mogul 300 , Textile ---2000 lost in the last three months ). It is not just technology that has lost its balance ---the man has really lock himself into a bad situation by killing the one issue he has use the last ten years to grow the economy ---productivity

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