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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Haim R. Branisteanu who wrote (9382)	11/9/1997 10:30:00 AM
From: Elllk	Read Replies (2) \| Respond to of 94695

Haim What are the consequences as you see them? Larry

To: Haim R. Branisteanu who wrote (9382)	11/9/1997 10:34:00 AM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 94695

Economy "Astonishingly" Good - Fed's Rivlin - What depression and deflation? Come on wake up guys Good Morning to great new world of new non-inflationary still strong economy-This is the bottom line- strong economy produce strong profits. Rest Saddam and Fast Track is BS- if the fundamentals are right we go higher- like we did last time. This is a very much a kicking bull- all this depression deflation and doomsday needs to be finally thrown out of window- and don't tell me bears have better understanding then Fed Governor. Read this and atleast keep deflation and depression out of discussions. Sunday November 9 7:57 AM EST Economy "Astonishingly" Good - Fed's Rivlin WASHINGTON (Reuters) - The U.S. economy is doing "astonishingly" well, Federal Reserve Vice Chairwoman Alice Rivlin said, but she warned that the nation's labor markets were very tight. "From an aggregate point of view, almost all the economic news is good, astonishingly so," Rivlin told a conference organized by the Association for Public Policy Analysis Friday. Inflation was "remarkably low," to the surprise of economists, she said. "This is an economy running at very high speed with very tight labor markets," she said when asked whether she saw a risk of deflation in the economy. "The danger seems to be on the inflationary side, and not on the deflationary side." Earlier on Friday the government reported that the U.S. unemployment rate had tumbled to a 24-year low of 4.7 percent in October amid brisk hiring. Federal Reserve Board Chairman Alan Greenspan told an audience in Frankfurt, Germany, that the Fed agreed with research suggesting that official data may overestimate actual U.S. inflation by about one percentage point. That was a particularly important issue in light of the current debate over whether the United States was entering a period of deflation, Greenspan said. In her speech, Rivlin said there were strong signs of a pickup in U.S. productivity growth. "Economists were wondering for a very long time why we were not seeing the results of so much investment in new technology," she said. "It's not clear yet, but there's at least some strong suggestion that we're beginning to reap the benefits from this investment in productivity." Rivlin said U.S. workers' job insecurity may have contributed to the current low inflation environment by keeping wage demands in check. "There is plenty of evidence that people feel insecure about their jobs even though unemployment is low," she said. Rivlin was speaking just days before this year's penultimate meeting of the Federal Reserve policy making committee on Wednesday. The Fed is widely expected to leave key U.S. interest rates unchanged. The Federal Open Market Committee will meet for the last time this year on Dec. 16.