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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: gbh who wrote (43216)	1/13/1999 2:00:00 PM
From: RealMuLan	Read Replies (3) \| Respond to of 132070

<<So unless you are a smoker, inflation is nowhere in sight. >> As far as I understand, the so-called core PPI excluded food and energy too. Or am I wrong? From what I observe, food price inflates a lot, although it is offset by energy price drop.

To: gbh who wrote (43216)	1/13/1999 5:37:00 PM
From: Knighty Tin	Respond to of 132070

gbh, There is always some excuse why PPI and CPI should have something taken out. As I've often said, if the permabulls don't like a number they just ignore it. But I agree in this case. We are not facing massive inflation. We are much more likely to be facing a deflationary depression caused by huge overcapacity. I don't buy the internuts because they are not real cos., except for a paired trade in my income account last spring. I do buy puts on them from time to time, but have not done so since last summer. I see too many folks who are calling their valuations ridiculous. I need to see more of them convincing themselves by airhead logic, as they are about the non-internut tech stocks, before I jump in to make money on them again. Right now there is too much scepticism for my druthers. I like the herd to run in one direction before buying my puts on fluff. MB