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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (67997)	9/21/1999 7:14:00 PM
From: Greg Jung	Read Replies (1) of 132070

"But if we raise rates, ... oil could be in deep kimshee." Mike, what is kimshee? -g- anyways what's the price of oil to do with rates. I can hardly believe 1/4 pt rate increase would do much to slow economy, less likely slow significantly US oil consumption. OTOH falling dollar + steady oil price lowers the dollar cost for coutries not pegged to the dollar so may boost in those places? Hmm ... I thought oil/oil stocks would act as hedge against falling dollar - at $24/bbl maybe the rise from $20 has been currency related. Greg

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