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Politics : Formerly About Advanced Micro Devices
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To: Road Walker who wrote (188971)5/21/2004 10:37:01 AM
From: Jim McMannis  Read Replies (3) of 1575774
 
RE:"With oil becoming more precious, we almost don't need the fed fiddling with interest rates. The cost of oil will be a natural brake on an expanding economy."

Why didn't you say the FED shouldn't fiddle with interest rates on the way down to making money really "easy" which indirectly resulted in higher oil prices.

Something else that might be interesting to you.
The price of oil in 1980 during the Iran spike was $78/barrel in todays dollars. Maybe we have a long way to go to really effect the economy.
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