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To: Lee who wrote (128567)5/25/1999 4:43:00 PM
From: JRI  Respond to of 176387
 
my inflation (dead) argument.....housing reports showing continued weakening...latest weekly gas prices (at pump) showing decline....most commodities prices (CRB) flatlining last I checked...peace dividend (oil prices, crude) will likely kick in a bit at end of Kosovo war (within weeks)...gold heading down...utility index up...bond easing down from 6%....worries overseas will drive loose change to U.S. dollar...Japan stock market rally fading as people realize the truth about Japan (recovery weak/non-existent)..will impair other Asian economies recoveries in next few months...Europe growth pretty lousy...

And the U.S. keeps suckin' in the cheap imports....

Oh yeah, I believe the last wage report was rather benign, no?