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Strategies & Market Trends : India Coffee House -- Ignore unavailable to you. Want to Upgrade?

To: JPR who wrote (2675)	9/4/1998 10:34:00 PM
From: Mohan Marette	Read Replies (2) \| Respond to of 12475

Greenspan's speech at Berkeley on the 4th-Anyone likes to take a crack at it? JPR and all: Here is a link to the text of Greenspan's speech at Berkeley tonight,see y'all can make any sense out of it or get any clue as to what he would do on the Sept.29th FOMC meeting. As usual the speech was quite pedantic and erudite of sorts but I believe he wants to caution investors about the possible implication that the U.S economy could have due to the turmoil in world economies though it is happening outside the U.S borders for the moment. Some of the economic data that came out this month so far. Today's employment report indicates a economic growth rate of 3% according reports. Unemployment steady at 4.5% Job creation strong in service sector. Job creation in decreasing in mfg sector. Overall employment still growth. Wages still increased at 3.9% Efficiency increased only by .1 % Bit of an inflationary pressure in the wage front. Commodity prices at below 200 showing some deflationary tendencies. These two factors could cancel out any imminent threat to inflation I think gist of Greenspan's speech can be summed up in the following concluding remarks by him. So the question is what the FED is going to do at the Sept meeting- a rate cut,an increase in rate or no action?????? "In summary, whether over the past five to seven years, what has been, without question, one of the best economic performances in our history is a harbinger of a new economy or just a hyped-up version of the old, will be answered only with the inexorable passage of time. And I suspect our grandchildren, and theirs, will be periodically debating whether they are in a new economy." biz.yahoo.com biz.yahoo.com Y'all have a great long weekend.

To: JPR who wrote (2675)	9/7/1998 9:50:00 AM
From: Mohan Marette	Read Replies (2) \| Respond to of 12475

Imbecile politicos from Kerala the 'Gimme-State'. Here again the imbeciles of Kerala politics are looking for handouts from the center instead of formulating a vision and executing like Mr.Naidu of Andrah Pradesh is doing.I wish we had more Naidu's in the country than idiots like these in power.The sad part is that the results are the same whether it is the commie led left is in power or the corrupt Congress led UF is in power,no vision,no ideas and always relying on the NRIs the center to bail them out,what bunch of jokers,then again this is true in most states. rediff.com