PEAK OIL - The New Y2K or The Beginning of the Real End? Message Board

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Gold/Mining/Energy : PEAK OIL - The New Y2K or The Beginning of the Real End?

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From: kryptonic6	7/21/2005 10:07:11 AM
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U.S. Economy on 'Firm Footing' July 21, 2005 latimes.com Fed chief affirms steady growth and contained inflation, and says the central bank will keep raising interest rates to keep things that way. By Bill Sing, Times Staff Writer latimes.com Federal Reserve Chairman Alan Greenspan on Wednesday reaffirmed what a growing body of data has made clear: Last spring's soft patch is long gone as the economy has picked up steam. The Fed chief told the House Financial Services Committee that despite high energy costs and other concerns, economic growth was on a "firm footing" while inflation remained in check. But the central bank will continue to raise short-term interest rates to keep things that way, he said. [end excerpt] move along people...nothing to see here.

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