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Strategies & Market Trends : Currencies and the Global Capital Markets

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To: Robert Douglas who wrote (2780)	12/29/2000 6:54:45 PM
From: Zeev Hed	Read Replies (1) of 3536

Roberts, thanks, it helps to know we are going to read the same "book", 20 decline on the Michigan survey surely means a recession is in the offing. Henry, I agree with you on the effect of Crude, the difference between $35 to $25 a barrel (if we stay in this range) could mean roughly a tax cut of $500 per year per "normal household", IMHO ( a very rough number mind you, yet an important impact). I wish someone would devlop the impact on consumer expenditure of each $1/barrel increase or decrease in crude. That would be an excellent measure to have. Elasticity is not that high in this sector, so the numbers should be "derivable". Zeev

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