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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Lucretius who wrote (14183)8/28/2000 1:27:09 PM
From: Ken98  Read Replies (2) of 436258
 
Joey speaks on oil and other New Era anomalies:

<<Once again, energy prices are misbehaving. For the
third time this year, oil prices have risen above $34
per barrel. While this is the high end of the range, I
expect rising supply from OPEC and other
suppliers to push oil prices back into the mid-$20s.
So far, the rise in oil prices has not affected
consumer and business behavior and the economy
has absorbed the higher prices reasonably well.

Importantly, the current high price of oil does not imply a shift toward
rising expectations. Rising productivity and corporate earnings remain the
central issues for the economy and financial markets.>>

cbs.marketwatch.com
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