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To: Defrocked who wrote (40912)	5/14/1999 9:00:00 AM
From: Alias Shrugged	Read Replies (1) \| Respond to of 86076

If nothing else, the CPI news gives Greenie justification to move to a tightening bias.

To: Defrocked who wrote (40912)	5/14/1999 10:18:00 AM
From: Defrocked	Read Replies (2) \| Respond to of 86076

Short the yen again now using IMM puts. Consider what a tightening Tuesday could do to slow the US down, the only engine of growth in the world and Japan's major hope for export growth. Actually, my feel for the economy is that more than one tightening will be needed to bring growth back to the 2.5%-3% GDP Fed target. BWDIK. Higher rates will be here for a while,BIJG.