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To: Ross who wrote (21098)	10/29/1998 10:21:00 AM
From: IQBAL LATIF	Read Replies (1) of 50161

Ross ECI is up 1% and that is what I have always said that very soon they will talk of inflation and not deflation, strong economy will in presence of liquidity problems will produce great numbers going forward but some smart ass will soon come out and say hey stop man why this ECI is still higher by 1 % where is the gini of deflation-- the point is we are right now going thru a liquidity crunch look at the swap rates once these rates stabilise we will see that strong economic growth will do good for demand and corporate profits we may not be in corporate recession anyway, so we will have these conflicting camps developing the camp who will fear infaltion and a camp who will fear falling prices as a result of global liquidity crunch but al said and done we have no inflation and strong economy with lower interst rates can result in some strong rallies, although we will see ocassional sell offs- but these inflationary feared sel offs on back of strong numbers will be ocassions to go long..