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Subject:  SIRI & Weighted CPD Date:  6/29/2000  10:36 PM
Author:  Phronimos Number:  748 of 10889

The weighted consumer price deflator-- the most efficient inflation measure known to monetary authorities-- rose, year over year 1.6% it was reported today.

And Wall Street brokerage mavens tell us investors that the FRB still needs to raise interest rates? Reminds me of when the Chief Investment Officer of John Hancock in October 1998 told us all that the world was at the brink of a catastrophic investment calamity.

He still appears on CNBC without anyone on CNBC asking him about his sage October 1998 comments...

The price of SIRI is where it is because of the unnecessary civil servant FRB rate increases which compromised US investor wealth in a way not hitherto seen in this country. Not even in the Great Depression of 1929 was the wealth wiped out as a percentage of total household assets as serious as the March-April 40% decline of the NASD averages.

4 market crashes since 1987. Almost like 4 huge tax hikes it seems to me or, as it pertains to SIRI, two rocket launch failures.

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