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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club
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To: mister topes who wrote (8545)9/13/1999 2:17:00 PM
From: Wally Mastroly  Read Replies (1) of 15132
 
Don, Re: Rising oil prices act ... as rising taxes, etc.

Agree. Bob emphasized the same point on the weekend show.

Also agree that Greenspan would like this affect (i.e., to tend to slow the growth of the economy).

My concern is with the degree to which oil price increases may 'tax' the economy - if they don't start to stabilize or back off one of these months.
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