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To: lee kramer who wrote (40302)	5/15/1999 10:15:00 AM
From: kendall harmon	Read Replies (1) \| Respond to of 120523

Inflation, one person's take: Kaltbaum, chief technical analyst at J.W. Genesis Securities in Boca Raton, Fla., is calling for Greenspan to hoist rates a quarter-point Tuesday. "Greenspan is behind the curve and needs to catch up," he said. "They need to show that the Fed is ahead of the game, that they're on top of things, not sitting idly by. Just a little tinkering to say, 'Hey, we're standing by, making sure everything's OK.' I mean, we're at 5.93% now [on the long-bond yield] -- the next stop is 6.1%. The momentum has been put into place even to go to 6 1/2. And short rates are going higher. A lot of people that forgot about the word inflation have to start remembering again." .