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Strategies & Market Trends : Tech Stock Options

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To: Snowshoe who wrote (2425)	6/11/1996 6:06:00 AM
From: shadowman	of 58727

Greg, I'd like to add my humble opinion concerning the causes of inflation back in the 1970's and early 80's. Monetary policy may have contributed to its severity and duration but the root cause was oil prices. From $3.00 a barrel to over $40.00. It was a unique and killer economic force. It seems that the obvious inflationary effect of increased energy cost on the worlds economies back then has been unnecessarily complicated and confused by politicians, economists and people in general who for whatever reason have forgotten that simple fact.I laugh to myself when I hear people comment( usually republicans) that Jimmy Carter caused inflation. I guess he could have stopped it by invading the middle-east and nationalized the oil fields. A bit radical a choice but the only one I can think of that would have stabilized or lowered oil prices. The rise of oil prices in 1972 and throughout the 70's was the overwhelming factor in the increase in inflation. A situation that is not likely to repeat, since OPEC has lost whatever uninimity it once briefly had. Oil has had some ( not always positive) affect on the great state of Alaska's evolution the past 20 odd years, no?

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