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

To: Joss who wrote (10027)	11/19/1997 12:11:00 PM
From: Joan Osland Graffius	Respond to of 94695

Joss, Our economy has a high output of the high tech industry, I think 40% and this keeps our inflation numbers looking good, but as we all know the cost of services continue to rise. I am on the board of an organization where 90% of our purchases are services and we are experiencing 4% inflation. Now we are managing the "heck" out of this organziation to keep our costs at this level by squeezing the heck out of service subcontractors. I suspect this service inflation will have an effect because it certainly causes less expendures by the american consumer somewhere. It will all sift it self out on wall street and time will tell how. Joan