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Technology Stocks : America On-Line (AOL)
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To: Steeny who wrote (17043)5/14/1999 10:10:00 AM
From: Boplicity  Read Replies (3) of 41369
 
re: The Fed would love to take back 25 bps if they could without causing too much damage. Admittedly, the bonds are correcting themselves somewhat and this may avert a tightening.

The last part of this is why I said what I said about your post. The economy will not be played with. The FED under Greenspan knows that with information traveling at light speed and the general public more in tune to the economy and stock market, it has to ability to self correct itself. More importantly productivity gains are to still being realized. I feel the economy can take higher fuel cost, which have now been factored in and have stabilized. I do have to agree, that with the economies of the world recovering, commodity prices will have to be watch more closely.

I would love to know how much of the fuel increase can be attributed to jet fuel.
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