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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?

To: Ian@SI who wrote (4873)	4/30/1999 12:01:00 PM
From: Wally Mastroly	Read Replies (1) \| Respond to of 15132

Ian, Re: "..productivity ..& the Fed..." Agree, in general, with your comment. However, the price deflator may bear watching - Higher than the previous period (& higher than expected). One period does not make a trend, but the Fed is always looking under rocks for any sign of "possible" inflation. Bond market is reacting to overall data today. The analyst in the article was downplaying the number - '..But the price index, while higher than the previous period, still is quite modest, said Richard Rippe, chief economist at Prudential Securities. "Some people may worry about that, but 1.4 percent is a very low rate of price rise," he said. "It's just that the 0.8 percent (in the fourth quarter) was extraordinarily low. It was unlikely that we could continue that pace." '