Greenspan

[Max Sawicky]

Max Sawicky wrote:
>This is the Fed line.  Problem for defenders of such a line
>is, there is no evidence of inflation, not even the moderate
>kind.

Year-to-year CPI inflation:
Feb 99: 1.7%
Feb 00: 3.2%
Doug
>>>>>>>>>

feh.  take oil out of it and tell me whatcha got.

the rationale for this is if we are talking about
wage-push, oil is irrelevant.

mbs