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To: Barry Grossman who wrote (54485)	4/25/1998 5:52:00 PM
From: Harry Landsiedel	Respond to of 186894

Barry Grossman. Re: "I hope AG reads this" I hope so too. I hope he also reads the piece in Friday's WSJ op ed page titled, "The dangers of inflation phobia." Brian Wesbury argues that the Feds excessive focus on the DEMAND side is leading to fight the last war on inflation, rather than focus on the SUPPLY side and be concerned about the possibility of deflation, if the Fed raises rates. I'm not an economist but his POV made sense to me. HL

To: Barry Grossman who wrote (54485)	4/25/1998 6:38:00 PM
From: Jim McMannis	Respond to of 186894

Barry, RE:"I hope AG reads this" I hope he does too. Jim

To: Barry Grossman who wrote (54485)	4/26/1998 12:16:00 AM
From: TTOSBT	Read Replies (1) \| Respond to of 186894

Barry, Re: >"I hope AG reads this:<" AG knows better than anyone that the reason for the high valuations in the stock market is retirement savings by the largest sector of the American population -THE BABY BOOMERS. And likewise the reason why inflation is not running away and likely will not is because the baby boomers will not buy new homes, cars, appliances and non essential items with that money. They want a nice big nest egg. These habits will not change until most of the baby boomers are gone. Then the economic and market psychologies will change to who knows what? That is not to say that analysts, arbitraege investors, or market manipulators will not try and use that fund managers fear HIGHTER INTEREST RATES argument. And that is my opinion on the subject. TTOSBT