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To: Michael Collings who wrote (69228)5/16/2001 6:39:12 AM
From: Square_Dealings  Read Replies (1) | Respond to of 116927
 
May 16 (BridgeNews) - 1036 GMT/0636 ET
.................................................................
TOP STORIES:

Euro-zone inflation hits 2.9%; stays above ECB's target
Frankfurt, May 16 (BridgeNews) - The annual rate of euro-zone
inflation rose for the second consecutive month in April to 2.9% from 2.6%
in March.
Inflation, which was in line with analysts' forecasts, remains above the
European Central Bank's 2.0% target.
( Story .5925 )

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The CRB looks like its going to breakout imo. Commodities going higher.

M.



To: Michael Collings who wrote (69228)5/16/2001 7:51:16 AM
From: long-gone  Read Replies (1) | Respond to of 116927
 
<<The fools on cnbc who keep saying that recoveries always follow six to twelve months after interest rates drop forget to understand that first, interest rates must drop. Can't stimulate anything when the cost of borrowing is not going down. Lowering the Fed funds rate just isn't doing it.
Can you say INFLATON? >>

The sole function of 80% of the people we see on CNBC is selling stocks or bonds got forecasting the economy. Enough said?



To: Michael Collings who wrote (69228)5/16/2001 9:06:31 AM
From: Alan Whirlwind  Respond to of 116927
 
Good point Michael. My fiancee is trying to refinance and the interest rates offered are actually a little bit higher than what she's paying now. And the rep tells her that interest rates to borrowers are unlikely to fall any further.