Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: Scumbria who wrote (112190)	5/23/2000 5:47:00 PM
From: tejek	Read Replies (2) of 1570271

You keep making statements to the effect that valuations are out of line. This is simply not true in the semiconductor industry. These companies are (were) doing great. Yes, and the semi's have suffered the least in this correction. I have watched AG for many years, and he has been wrong on a consistent basis. He used to be convinced that unemployment below 6% was dangerous for the economy. Until two years ago, every major economist believed that...its what I was taught in college. In addition, he does not appear to understand the very simple relationship between oil prices and inflation. I don't understand this comment at all. What is the simple relationship? I am seeing the higher cost of oil being passed through. For an example the airline margins are suffering considerably due to the increase in oil prices. They just successfully put an increase through on plane fares. Costs of pumped regular gas is up dramatically from last year. Its only a matter of time before the increased oil costs are passed thru on other products like plastics. You don't agree? ted

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