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Politics : Formerly About Advanced Micro Devices
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To: Scumbria who wrote (112207)5/23/2000 6:12:00 PM
From: tejek  Read Replies (1) of 1570084
 
My point is that the rise in inflation we have seen in recent months is due to the first, second, and third order effects of rising oil prices. When the price of oil drops, so will inflation.

Scumbria,

And that is what has me worried....the oil futures indicate that prices are not coming down inspite of the fact that OPEC has increased production like the US requested. Initially the futures dropped from $32 per barrel down to $24 but now are back up to $28-29.

ted
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