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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Gary Burton who wrote (52253)10/1/1999 10:33:00 AM
From: Think4Yourself  Read Replies (2) of 95453
 
NAPM report this morning suggests economy is unusually healthy. Gee, I wonder what high oil prices coupled with a strong economy will do to the earnings of the EnP's?

Market concerned that high energy prices alone might not be inflationary enough to slow down the economy. Perhaps fed will raise?

Fed will wait and allow energy prices to have their effect IMHO. Greenspan is smart enough to see that it takes time for the effect to trickle through the economy.
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