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

To: Lee who wrote (19124)	7/31/1998 3:30:00 PM
From: Lee	Respond to of 50167

Correction,..Re:<< Without the GM strike and the fall in exports, GDP would have come in at 4.8% or higher>> We could have done 6.2%. Actually, according to J. Padinha, from TSC at - thestreet.com Nine Lives (and Counting) Top 10 Amazing Things About the Second-Quarter GDP Report 7. GDP growth would have clocked in at an amazing 6.2% rate were it not for the fleeting, Asian-induced effects of inventories (which subtracted 2.3 percentage points from growth) and trade (which subtracted 2.5 points).

To: Lee who wrote (19124)	8/1/1998 1:53:00 PM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 50167

Lee- Please look at this particular chart- bcapub.com Please note the total, although services is spiking up but goods are pulling the total lower, now this is CPI if you look at GDP deflator you have similar news. In my opinion we are certainly slowing down but it is not going to be a hard landing like UK rather a soft nice smooth landing, but as know perfectly well that in shorter span lot of data gets muddled up with emotive responses but I am sure about the trend fundamentally I would think that we remain solidly on the path of non-inflationary growth.