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Technology Stocks : JDS Uniphase (JDSU)

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To: RetiredNow who wrote (12717)	9/20/2000 8:03:12 PM
From: Brian K Crawford	Read Replies (2) of 24042

Mindmeld - <<...don't underestimate the power of an oil shock to undermine economies across the world. One of my friends was telling me, he believes the shock we are experiencing now is worse than the one we experienced in the 80's. I don't know if I agree with him there, but the fact is that oil shock put us into recession.>> The way I remember it, if you are talking about 1981-82. is the oil shock raised the Fed's paranoia about inflation. So Paul Volcker, then Fed Chairman, pushed short rates up and away until the prime rate hit 18% and mortgage rates hit 15%. That shut down homebuilding and car sales and you name it... So, things are a little different this time. Inflation under much better control, Fed ahead of the game, not behind. Brian

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