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To: Bonnie Bear who wrote (26519)	1/20/1999 3:02:00 AM
From: PaulM	Respond to of 116762

Here's an interesting article about consumer inflation up-tick in December in England thisislondon.co.uk I say interesting because similar stories about a December rise in consumer prices the U.S. and Euro zone came out last week. (In the U.S., the core rate went up a full 1%). In each of the three cases, the rise was blamed on temporary, peripheral factors. But different ones in each case (in the UK the weather, in the EU "volatile" food prices, in the U.S. cigarettes). What I find interesting about this is that inflation may be picking up at a time when oil is at depression lows, which means that only the lowest cost Middle East producers survive. See, e.g., biz.yahoo.com This, to the detriment of the North Sea, U.S., and Latin American producers. There are those who believe the lower prices are a deliberate ME producer policy now, contra the U.S.

To: Bonnie Bear who wrote (26519)	1/20/1999 5:08:00 AM
From: John Hunt	Read Replies (2) \| Respond to of 116762

Wall Street Enjoys Ebullience While U.S. Farmers Suffer Depression gold-eagle.com << Two rapidly converging events with seemingly no apparent relationship may cause untold suffering for the US: the CRB Index downtrend and the on-going Brazilian devaluation. The Commodity Research Bureau Index (CRB) is an index of 21 basic commodities - heavily weighted in agricultural foodstuffs. In recent weeks the CRB has sunk to its lowest level in nearly 24 years (since early 1975). And the trend continues south. Seemingly unrelated to the CRB decline is the recent devaluation of Brazil's currency - the real. Very sadly, they are indeed related - and portend unbelievable misery for the American farmer. -- cont'd -- >> Hi Bonnie, Welcome to the world of reality thread! ... At least most of the time ... Long time no see. < g > John