Re: Fed and full employment

[JTREACY]

        I track electricity production and for the year-to-date 
production is up only 2.8% over a year ago.  There is some weather in 
this number, up or down, but I don't believe we can be calling this a 
"boom" with electric production up only 2.8%.  All those fully-employed 
factories must have switched back to hydro power, with belts and pulleys 
running the machines.

Treacy: Service sector is [EMAIL PROTECTED]