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Strategies & Market Trends : The New Economy and its Winners

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To: Mark Fowler who wrote (7376)	6/3/2001 2:12:42 PM
From: craig crawford	Read Replies (2) of 57684

>> because nominal rates were way too high( AG over shot rates upward last spring and summer in my opinion << greenspan raised rates 3 full percent in 1994 and the economy did just fine. obviously it was on firmer footing back then. so you can't just say everything would have been fine if greenspan just hadn't raised rates so much. obviously something changed--for the worse. >> Opec wants optimum price of Oil between $25 and $ 30, no higher << opec wants to squeeze as much money out of us as they can without killing off their biggest customer. they would be quite happy to gouge us for all they can. anything else is just talk. >> Opec learned the hard way back in the '70's. << what exactly did they learn. opec made out like bandits in the 70's and early 80's.

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