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To: Lee who wrote (95300)	2/5/1999 3:26:00 PM
From: Chuzzlewit	Read Replies (1) \| Respond to of 176387

Lee, as an inveterate Fed watcher let me pose this question to you: If Michael Murphy is correct in his prediction that the overall non-tech sector of the economy grows at roughly 2-3% per annum, while the tech sector is growing at 20%, and if the trend continues through 2008, at which point technology will contribute 51.3% to the GDP, we would predict that GDP would be growing at roughly 12% per annum, what will the Fed do? This is a serious question because the Fed's actions have always been predicated on the performance of the overall economy which was dominated by smokestack industries. TTFN, CTC

To: Lee who wrote (95300)	2/9/1999 10:23:00 AM
From: Mohan Marette	Read Replies (3) \| Respond to of 176387

<U.S.Economy> Just what the doctor ordered. Lee: You seen this? I say the hell with Biggs,Acampo-what's-his-face and the rest of them imbeciles.,vbg> · Alert: U.S. Q4'98 Non-farm Unit Labor Costs -0.2 Pct Vs Rev Q3 +1.4 Pct (+1.1) - Reuters - Tue 10:01am · Alert: U.S. 1998 Non-farm Unit Labor Costs +2.0 Pct Vs Rev 1997 +2.3 Pct (+2.1) - Reuters - Tue 10:01am · Alert: U.S. 1998 Non-farm Productivity +2.2 Pct Vs Rev +1.2 Pct in 1997 (+1.7) - Reuters - Tue 10:01am · Alert: U.S. Q4'98 Non-farm Productivity Largest Quarterly Rise Since +4.2 Pct in Q1'96 - Reuters - Tue 10:01am · Alert: U.S. Q4'98 Non-farm Productivity +3.7 Pct Vs Rev Q3 +2.5 Pct (+3.0) - Reuters