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Technology Stocks : Dell Technologies Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Patrick E.McDaniel who wrote (69695)	10/6/1998 7:50:00 PM
From: Mohan Marette	Read Replies (1) \| Respond to of 176387

Europe-No cause for alarm Issing (ECB)-Inflation subdued,no deflation danger. Pat: That security thing looks good,anything to keep them customers happy I suppose. Now here is some good news from Europe from Mr.Issing of the European System of Central Bank.'Lemme' see Europe is strong,North America is doing good,The Latinos..Hummmmm so so to ok,China & India looks good, Australians are not starving so my question is where is the damn problem, in Indonesia? that's a laugh-Ooooooooo I am scared.<vbg> Add to that PC sales are strong in N.America,Europe,even in Asia and tech companies are in the strongest half of the year and Dell is at $55.00- god have mercy.HeeeeeeHaaaaaaaaw!!!! Hell I am worried 'cos I don't have enough shares of DELL and that is always a cause for worry.<vbg> =========================================== Tuesday October 6, 7:13 pm Eastern Time Euro inflation weak, no deflation danger-Issing By Janet Northcote WASHINGTON, Oct 5 (Reuters) - Inflationary pressures in the European currency area remain weak, but there are no grounds for worry that the region is slipping into a deflationary phase, ECB chief economist Otmar Issing said on Tuesday. Issing said in a speech prepared for delivery to a World Bank seminar in Washington that recent falls in oil and commodity prices, partly due to the crises in Asia and Russia had moderated recent inflation developments. This effect had however largely been offset by the impact of indirect tax rises in a number of European countries. ''All in all, the changed external environment contributes to an overall outlook of very subdued inflationary pressures,'' he said. "Inflation expectations and long-term interest rates in the euro area are at close to historic lows. ''Actual area-wide inflation is also very subdued.'' Issing said there was nonetheless no need for alarm that Europe could be slipping into deflation. ''Simply recalling the current rate of inflation in the euro area -- 1.2 percent -- shows that deflation is not an immediate concern for policy-makers.'' However the theoretical possibility of deflation was an issue which the Bank needed to take into account when agreeing its definition of what it meant by price stability, Issing said, noting that price stability was the ECB's main aim. ''Let me be very clear: my discussion of deflation has to be seen in the context of the formulation of an optimal definition of price stability for the ESCB that takes into account deflationary dangers,'' Issing said. ''These dangers certainly cannot be ruled out and our definition of price stability should reflect them.'' Although intermediate price falls may well be normal and should not give rise to major concerns, ''prolonged deflation is clearly inconsistent with any meaningful definition of price stability,'' Issing said. Prolonged deflation could also make central monetary policy ineffective as nominal interest rates cannot fall below zero, leaving outright asset purchases the only option. The ESCB (European System of Central Banks) could also not ignore the implications of nominal rigidities in wages and prices for the transmission mechanism of its monetary policy. Turning to the actual definition of price stability in the euro zone, Issing said that while it might ideally seem most appropriate to use a conceptual measure of core inflation, in practice a headline measure was more likely to be used. The core measure would exclude items such as tax rises over which the ECB has little control, he said. However these were ''unlikely to be comprehensive enough to satisfy the requirements of an index suitable for a sensible public definition,'' Issing said, referring to the figure which will be used to confirm the Bank's definition to the public. ''These considerations point to using the 'headline' measure of the harmonised index of consumer prices or HIPC for the euro area in the definition of price stability,'' he said.