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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?

To: Justa Werkenstiff who wrote (5420)	5/27/1999 7:58:00 AM
From: Wally Mastroly	Read Replies (2) \| Respond to of 15132

Crosspost - via Bob,Jr.: Message 9783902

To: Justa Werkenstiff who wrote (5420)	5/27/1999 8:40:00 AM
From: Wally Mastroly	Read Replies (1) \| Respond to of 15132

More numbers for the Fed to ponder - GDP & price deflator: GDP growth was slower (from CNNFN - first report) The economy grew at a 4.1 percent rate in the first quarter, the Commerce Department said Thursday, which was weaker than economists' forecasts and below the department's initial estimate of a 4.5 percent rate of growth for gross domestic product. The price deflator, a key measure of inflation, was unrevised at 1.4 percent, which was in line with forecasts. - Markets should like those type of "slower growth/low inflation" numbers. - Some details: cbs.marketwatch.com - Some editorial comments on inflation: cbs.marketwatch.com

To: Justa Werkenstiff who wrote (5420)	5/27/1999 8:55:00 AM
From: Ian@SI	Read Replies (2) \| Respond to of 15132

Justa, This sounds like another developing urban myth to replace the other one that creation of credit was too easy and was leading to the consumer spending boom. There's no shortage of talking heads without facts that are willing to spout half thought out hypotheses without first making any attempt whatsoever to see if there's any underlying support for the pronouncement. Pot laws must be completely unenforced amongst Economic Excuse Talking Heads. <g> ... in the sense only that the wealth effect has causes more consumer spending. Perhaps, it's really the poverty effect. Once one is so far in debt, what's another 10K or so? ;-) Ian.