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To: Jibacoa who wrote (8508)	4/25/2001 1:53:28 PM
From: Bucky Katt	Respond to of 13094

The home sales data today makes me wonder just how long it will take for Mr. Greenspan to start spouting the "I" word. (inflation) The cw is that the manufacturing sector needs another 1% cut, but based on some of the news out today, it is a 50/50 bet that they cut that much. Heck, let China & Mexico do the manufacturing, we are supposed to be an "infomation/service based economy"....What a bill of goods that may turn out to be... "The Commerce Department and the National Association of Realtors reported sharp gains in sales of new homes and purchases of existing homes. New home sales rose to a record 1.021 million annual rate, rising 4.2 percent from February's pace. Resales of existing homes gained 4.8 percent to a 5.44 million rate, the second-highest on record. Both figures were well above what analysts had been expecting, and may raise some questions about the depth of the economy's blues."