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To: Alex who wrote (21079)	10/8/1998 12:41:00 AM
From: Investor-ex!	Respond to of 116858

Angell is nuts if he thinks we'll have positive growth Q499!

To: Alex who wrote (21079)	10/8/1998 6:35:00 AM
From: cool	Read Replies (1) \| Respond to of 116858

>"The weakness of the dollar subtracts from the Fed's power," he said. "The German Deutschmark rises in value and increases the Bundesbank's power and makes it more important that we have a decrease in rates in Germany and Europe." <Picture>At the same time, Angell asserted the Fed had been successful in arresting the decline in gold prices, "so we're not going to see a continuation of the deflation which now is pretty well confined to scrap steel prices." the Fed arrested the decline????