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Strategies & Market Trends : Commodities - The Coming Bull Market -- Ignore unavailable to you. Want to Upgrade?

To: craig crawford who wrote (609)	7/24/2001 7:52:37 PM
From: craig crawford	Read Replies (1) \| Respond to of 1643

Tuesday July 24, 11:26 am Eastern Time Greenspan says commodities not good price gauges biz.yahoo.com WASHINGTON, July 24 (Reuters) - Federal Reserve Chairman Alan Greenspan said on Tuesday that he does not believe commodity prices are a good reflection of inflationary trends. ``In fact, I rarely use commodity prices as a single useful indicator of broad inflation,'' Greenspan said in an appearance before the Senate Banking Committee. His appearance was part of the twice-yearly ritual of Congressional appearances on monetary policy. Instead, Greenspan said he regarded commodity prices as a better indicator of industrial activity and world trade activity. He also noted that a rise in money supply, as measured by the M2 monetary aggregate also showed commodity prices were not a good indicator of financial liquidity.