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To: Lee who wrote (122809)	5/6/1999 3:47:00 PM
From: edamo	Read Replies (1) \| Respond to of 176387

lee..<ot> what you point out shows the "double speak" that comes from the mouths of economists...worried about labor pool...but yet talking of retraining redundant workers... "willing to retrain"....not as easy as it appears...most prefer to resort to multi income/multiple job family wages to survive...more labor hours per family to generate same pre downsized wages "rise of wages with unions"....not only increase, but concessions made..read the report from mr gephardt in 96...yes robots do replace people...job security more relevant..exactly as i stated.. all i'm trying to point out is how a market is moved in the area of interest rates, as in the 30 year note, based on a perception that is not based in reality....we have entered a new phase in our economy, which will have little or no upward price or wage pressures globally...the only thing that could change the scenario would be a major disaster or world war.... what is greenspan really saying????, nothing clear enough to give a firm direction to the markets, as they say "if you can't say anything nice....", greenspan talking too much with nothing to really say, causing unrest!!!! cheers,ed a.