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Technology Stocks : America On-Line (AOL) -- Ignore unavailable to you. Want to Upgrade?

To: Steeny who wrote (20145)	6/4/1999 1:08:00 PM
From: Ed Forrest	Respond to of 41369

I don't like what AOL is doing right now.Sliding a bit. Ed Forrest

To: Steeny who wrote (20145)	6/4/1999 1:10:00 PM
From: Tunica Albuginea	Read Replies (1) \| Respond to of 41369

( reedited)Steeny, I agree with the increase in core cpi but I think that core cpi is influenced by oil since oil is in everything. Also when I listened to his speech at that time he did say that as yet there were NO definite signs of inflation. Greenspan is very sensitive to the fact that in the last 40 years several business cycles of bang and bust were due to premature tightening or loosening of interest rates, ( coupled with erroneous application of Keynes theories and raising taxes to achieve social engineering ends ). I think he wants to avoid that, TA back later you said TA, core cpi excludes oil prices, which is why everyon was up in arms about it. You can have the last word. I try to look at things the way the Fed does, not what I really believe. Greenspan's recent statements inicate a shift from reactive policy to pre-emptive. He has given the world clear warning of a hike for the reasons stated and others. Disagree with them, but never bet against the FED.