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To: John F. Dowd who wrote (171179)9/23/2002 5:09:21 PM
From: Jim McMannis  Read Replies (1) | Respond to of 186894
 
RE:"Where is that inflation you have been promising. We could use some of it now"

Housing prices John, that's what I've been saying all along. Trouble is that housing costs are not figured into the govies inflation numbers because they are considered an asset not a cost.
What you end up with is confusing and distorted numbers.

Jim


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