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To: Lee who wrote (130464)	6/2/1999 1:05:00 PM
From: T L Comiskey	Read Replies (1) \| Respond to of 176387

Lee...get your caboose off to DC and straighten these GUYS out....thx in advance....:)~~~~Tim

To: Lee who wrote (130464)	6/2/1999 3:14:00 PM
From: JRI	Read Replies (3) \| Respond to of 176387

"no wage inflation"...geez, lee...are you actually becoming a bond bull here? <g> In the inflation data, do they (ever) include things such as computers, books, cds, electronic gadgets, BROKER COMMISIONS, etc...the internet has driven these costs down dramatically.....I never use ebay or other auctions...but how much cost is that taking out of the system?....some for sure........there are probably many, many other examples of how costs have been dramatically lowered because of the internet.....and I am not even talking about business-to-business, or industrial applications..........couple this with (as you admit) weak wage growth, and barely breathing commodities....it appears to me that the long-bond at 6% is overdone... edamo jr.