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Politics : Formerly About Advanced Micro Devices
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To: hmaly who wrote (161713)2/20/2003 2:05:11 PM
From: tejek  Read Replies (1) of 1576347
 
Ted Re...Excuse me you are so full of shit, its frightening. Wholesale price inflation is surging......the highest its been in 29 months and we are in a quasi recession.

What is your take? Won't higher PPI prices indicate we have hit bottom, and that the producers have been able to increase prices, because there is more demand. Won't this be a good thing, if it is spread over more than just oil, that is.

Normally it would be a good thing if the other commodities were also starting to experience firming prices but they are not. Its just oil and the price surge is being passed on to products made with or by oil. Hence, the increase in the wholesale prices and why the markets have tanked AGAIN today.

And crude is nearly up to $40 because the Iraq situation and more importantly, the availability of Iraqi oil is in a state of flux. Thank God, the Venezuala crisis is pretty much resolved or crude would be over $40.

And let me says just for the record, crude at near $40 is very inflationary for this economy.

ted
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