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Politics : Formerly About Applied Materials
AMAT 224.08+0.1%9:30 AM EST

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To: michael97123 who wrote (39894)11/23/2000 8:17:07 AM
From: daryll40  Read Replies (1) of 70976
 
-If there is a 1% annualized, oil induced rise in inflation for 6 months to ward off a disastrous recession, so be it. Unless Greenspan has Altzheimers he should be thinking this right about now. Maybe he will speak, hopefully softly to this point and remove this point of fear.-

On the other hand, if Greenspan monetizes the oil shock, we could be setting ourselves up for an inflationary spiral a la 1973-1980. So maybe a little pain now will ward off long term pain later.

Daryll40
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