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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: Lee who wrote (16626)	1/27/1998 9:29:00 PM
From: J.T.	Read Replies (1) \| Respond to of 50167

Lee, ECI #'s constitute problems for Dr. G. if Asian problems ever go away. Asian Flu is short term silver lining for Fed being on hold.and this goes back to days of OCT yonder... Prior to that, Fed had finger on rate increase trigger watching NAPM and ECI like hawk. We have various factors in this equation as "wage pressures" rise largest increase in 4 or 5 years. I realize commission costs and payments may skew somewhat but bottom line is PHILLIP'S CURVE LIVES. Sorry IKe.. My bias comes out. Furthermore, strong dollar has restrained price inflation as result of lower import prices... Bubba walks fine line with "pit bonds" and continued further weakness (or no confidence) in $$ is harbinger down road. Today was banner day for markets but SOX must get thru critical 275 area decisively. Market pulls pre State of Union rally and "cacaphony dies (or subsides) for day.. We may see some follow thru tomorrow. Bonds now yield 5.94% and 6% is now in cards. JT