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To: Lee who wrote (124696)	5/14/1999 11:42:00 AM
From: Mohan Marette	Read Replies (3) \| Respond to of 176387

<--US Economy> Lee I hear average weekly earnings were down (-.2%),Consumer confidence is up to 106 something,capacity utilization is +80%,industrial out was up .6%, economy still strong,pundits are expecting 4% GDP growth for Q2. Now we got this little inflation thing on account of mostly crude prices etc the whole hell breaks loose,go figure! Like you said given enough time OPEC will be back to their old tricks of cheating on the quota and 'high' crude oil prices will be history most likely. Since industrial output seems to be picking up I am thinking perhaps export will pick up and help the deficit that Rivlin was so concerned about the other day. So we have moved from disinflation to a bit of reinflation (is that what they call it these days?) big deal.I take the growth at 4% with a little inflation anytime. Just some ramblings.