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To: Terp who wrote (42426)1/12/1999 6:34:00 PM
From: SAMOA1  Respond to of 119973
 
Not for EGGS. EGGS will soar tomorrow.



To: Terp who wrote (42426)1/12/1999 7:08:00 PM
From: Baker Street  Read Replies (1) | Respond to of 119973
 
<<PPI released early and very ugly for the markets>>

Total BS. Did you really look at the numbers and where they came from? As CNNfn reports:

cnnfn.com

"Much of the PPI's gain is attributed to higher tobacco prices, without which economists say the index reveals that inflationary pressures are well under control.

"The whole story is just the cigarettes," said Warburg Dillon Read senior economist Richard Kasmin. "Excluding tobacco, the core PPI for December was down 0.1 percent. So it's all tobacco and this tax on tobacco. The same story continues, more importantly, for prices at the intermediate and crude stages of production."

Kasmin added the report is really "benign" and said, "If you don't smoke you did not see much inflation."