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To: GRANOLA who wrote (95084)	2/5/1999 10:52:00 AM
From: Mohan Marette	Respond to of 176387

DOW 10,000? Yup if the economy keeps this momentum without inflation. Some comments from pundits on the employment data and the economy in gneral. There is not any significant wage inflation as the alarmist would have us believe,as long as the the work force come into the market there won't be much of a wage pressure any increase in wages will likely be muted as it is now. The commodity prices the way it is (CRB still under 200),oil under $15.00,hard to see any inflation creeping into the economy. Ohmigod looks like it is possible to have growing and healthy economy without the threat of inflation and higher interest rate,at least we see it now. =========================================== ..Last month's increase of 245,000 jobs beat analysts' forecasts of a gain of 138,000 jobs and followed an increase of 298,000 in December. While December's job gain was lower than the 378,000 previously reported, the economy still managed to add more than 1 million jobs since September. ''Demand for labor is booming and the economy is barreling along,'' said Robert Dederick, an economic consultant at Northern Trust Co. in Chicago. ''So far, the famed slowdown in the economy exists only in the minds of economists.'' Workers' average hourly earnings, a gauge of business costs, rose 0.5 percent -- or 6 cents -- to $13.04 in January following an increase of 0.3 percent in December, previously reported as an increase of 0.4 percent. The wage increase is ''still not enough wage inflation to worry the Federal Reserve about general inflation pressures, but they will be worried about the tight labor market,'' said Ian Morris, an economist at HSBC Markets Ltd. in London. At 4.3 percent, the unemployment rate is the same as December and tied a 28-year low set in April.....