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Strategies & Market Trends : Bob Brinker, Moneytalk and Marketimer

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To: octavian who wrote (1696)10/22/2007 9:45:49 PM
From: Kirk © of 2121
 
But let me ask YOU a question. When you started saying brinker was wrong about high oil prices acting as a tax on the economy, did you say:....

I NEVER said this.

Find the quote or admit you made it up.

NEVER said it.

Acting as a tax doesn't mean higher priced oil isn't inflationary. it simply means the relationship is not 1-to-1... that is you might expect inflation to go up 1% with a doubling of oil, but the "taxing effects" means inflation might only go up 0.5%....

It is not a 100% tax....
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