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You may not ask me but I think there is something wrong with monetary management when an increase in jobs and minor upticks in wages sends the markets DOWN not UP. And this, just one day after CNBC floor interviews indicated the selling was over.

What can be expected if jobs and wages went south instead? Utter chaos?

I know, I know, we have to be extremely timid when it comes to that nasty inflation threat but, if Greenspan continues to wish for it -- it will happen.

I'm concerned that something worse is creeping up on us as we continue to focus on rate hikes that were implemented in '98.
H.
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