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To: Bill Harmond who wrote (56932)5/16/1999 3:07:00 PM
From: 16yearcycle  Respond to of 164684
 
Bill,

Rubin just made positive comments about there being low inflation going forward. I also want to say that I commend your analysis that we are reinflating back to last spring. I am also worried that they do want to and probably should take a 1/4 point back. When they do this, perhaps there will be a muted effect if they make it obvious that they are not looking at a series of hikes.

I will be buying aggressively the next 2 weeks.


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