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To: Alias Shrugged who wrote (32000)	4/9/1999 12:22:00 PM
From: Terry Whitman	Respond to of 86076

That's probably right on the smokes. After the initial huge increase, the price has fallen slightly. They were probably losing too many customers after the big increase. Neither are good signs for MO and the boys. I just read a great commentary by Cal Thomas in the paper called "Unwilling to listen to history lesson". LA Times syndicate is the publisher. Great quote at the end: "What experience and history teach us is this- that people and governments never have learned anything from history, or acted upon principles deduced from it." -Georg Hegel BTW- I don't believe taxes are included in any govt. inflation data. Speaking of inflation, check out the DJI in Swiss francs chart in this article: pei-intl.com

To: Alias Shrugged who wrote (32000)	4/9/1999 12:23:00 PM
From: IceShark	Respond to of 86076

Mike, actually tobacco was "down" from the new base until yesterday. Marlboro had a big discount (like 60 cents off a pack) going on for quite awhile which caused me to switch to them. A few others did also. I'm now going to cigars and maybe quit, again, 'cause I refuse to devote 3 bucks a day to something that is killing me. -g- As far as taxes in CPI, I'm sure they get shoved in to price via sellers setting their prices high enough to cover them. Just look at retail prices between high and low tax states for confirmation on this conclusion.

To: Alias Shrugged who wrote (32000)	4/9/1999 12:24:00 PM
From: NickSE	Respond to of 86076

More bullish news -g- economeister.com [...However, economists wondered how long U.S. companies can continue to see their profits squeezed by higher energy and labor costs and a seeming inability to raise prices...] [...Camilli suggested it's all a little too good to be true, however. "I'm really at a loss as to how long this can continue with corporate profits under pressure from no ability to raise prices and constant pressure to reduce costs and absorb rising wage costs."...] [...Camilli questioned whether productivity gains can indefinitely enable companies to weather these pressures on profits. "Eventually, if you're not making money you close the door." She said she detected no inclination from anyone in the Fed to change policy...]