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To: Sid Turtlman who wrote (500)	12/5/1997 11:30:00 AM
From: bob yahnke	Respond to of 686

Sid, what bother's me is that you can't trust the indicators when they come out because the following month they'll be revised upward. I've noticed this for the last 6 to 9 months now. Now todays numbers are really going to look ugly when they revise them upward next month, but no one will care because it's all history at that point. At some point it's going to blow up big time in the stock market and it's going to be real ugly.

To: Sid Turtlman who wrote (500)	12/5/1997 12:01:00 PM
From: Chip McVickar	Read Replies (2) \| Respond to of 686

Hello Sid Would like to add another position to your deflationary picture that you predict may begin to unfold next year. . Coming on-line shortly is the new currency of the European Community. This new form of King Koonga's money is going to have to be backed, either by the good will of the partners or buy something tangable like a basket of commodities. . I do not believe that Germany will participate in a weak currency that cannot compete with the US$. Why should they give up their historically stronge Mark for something "screwy"....it will not happen. . Possibly these recent Asian devaluations and Japans monitary troubles will be enough to convince their partners that there is a serious need to base the currency on tangable assets, rather then the "good-will" of the nations envolved and the strength of their economies. . If this should happen and become a successful messure of value, that new currency will become a serious competitor to the US$. And as a sound currency of last resort, based on real value - the US $ will develope a serious case of the Asian Flue. . I know this is a quick and some what simplistic view, but I think it bares some watching. . Your thoughts please and has anyone else been following this....? Best Regards Chip

To: Sid Turtlman who wrote (500)	12/6/1997 10:01:00 PM
From: greenspirit	Read Replies (2) \| Respond to of 686

Sid and ALL, I have a question for the thread. A few years ago most economists were convinced that structural unemployement was at about the 5.5 to 6.0 level. Unemployment has now gone down to 4.6%. What is your and everyones opinion on the level of structural unemployment? Thanks, Michael

To: Sid Turtlman who wrote (500)	12/18/1997 12:30:00 AM
From: greenspirit	Respond to of 686

Sid, something occured to me today as I did some last minute Christmas shopping. About a year ago, we had a Wall-Mart open up in our area. As I bounced from Wall-Mart to Cosco, Target and Sears looking for that special gift, I was paying particular attention to the price of clothes and goods. Is it possible when discussing the inflation rate that the U.S. is experiencing what I would call "the Wall-Mart effect"?? It seems like all the stores in my area have slashed prices on goods in order to compete effectively with Wall-Mart. Multiply this by thousands of stores and this could be having a pretty profound effect across the country. Wall-Mart is steadily moving closer to the Urban area's of America. We may see this effect continue for a while longer. Michael