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

To: IQBAL LATIF who wrote (18271)	5/5/1998 3:36:00 PM
From: steve susko	Read Replies (1) \| Respond to of 50167

Hi Ike, 1118 was taken out intraday. About 20 minutes to go as I post and market try to recover back to 1120 area. Are you short SPM now?

To: IQBAL LATIF who wrote (18271)	5/6/1998 5:12:00 AM
From: IQBAL LATIF	Respond to of 50167

From Samira: To Ike and thread I read this article in the papers today and thought to post it: AMERICAN ECONOMY TO GROW AT BRISK CLIP: NEW YORK (AFP): The US economy will likely to expand at a "brisk" pace throughout 1998, the Conference Board predicted Tuesday as it reported an increase in its leading index for the third straight month. The Board, a business research group, said its composite index of leading economic indicators rose 0.2 per cent to 105.2 in March following gains of 0.4 per cent in February and 0.1 per cent in January. For the six months to March, the index - which forecasts economic activity six to nine months ahead - was up 0.9 per cent. "Not only is the risk of recession in the foreseeable future almost nil, but the economy is likely to expand at a brisk pace throughout 1998," said Michael Boldin, director of business cycle research at the Conference Board. Two other measures used by the Board, the index of coincident indicators and the index of lagging indicators, rose 0.1 and 0.6 per cent in March. The coincident indicators cover changes in personal income, industrial production and payrolls, while the lagging indicators measure such factors as average duration of unemployment, labor costs and prime interest rates charged by banks. Gross domestic product expanded at an annual rate of 4.2 per cent in the first quarter, much faster than had been anticipated. Press reports last week suggested the US central bank, the Federal Reserve, was growing anxious about the pace of growth and was thinking positively about raising interest rates. But most analysts said the Fed was unlikely to tighten credit at its next meeting May 19, as both inflation and labor costs appeared to be well under control.