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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Archie Meeties who wrote (74226)9/22/2000 12:36:17 PM
From: stsimon  Read Replies (1) of 95453
 
Greenspan is a central banker of the old school, i.e. his focus in on price stability. I do not believe he will slow the economy just to contain oil and gas prices, which is why I am still fully invested in this sector. If he believes general price inflation is getting out of hand, however, then he would not hesitate to raise interest rates as high as necessary to throttle the economy. Asia would feel the pain first, so it might not even be necessary to trigger a recession in the U. S.
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