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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Les H who wrote (19505)	7/6/1999 5:28:00 PM
From: James F. Hopkins	Read Replies (1) \| Respond to of 99985

Les; Some of that draw down was due to bombing raids over Yugoslavia , they didn't mention taht. It's ironic how the pundits condemn price fixing except when it comes to oil, when it comes to oil they cheer. Higher oil prices will slow things down more than the rate hike, and could cause inflation to boot. --------------- Labor is blamed for inflation, but it amounts to less than 1/10th of the cause of any price increase. Most of the Ships I worked on paid out more on interest rates than they did wages , and a $3 move in bunkers would amount to more than the entire crew got paid. They have to jack the price of oil up so countries like Nigeria can pay the "vigorish" on the loans they are charged by the bankers for the junk they get from England and France. AND most of it is junk too, I helped deliver some of it. And it was such a disgrace on my last trip to Nigeria I decided to wash my hands of the whole mess. What was going on was just as bad as any type of organized crime I ever saw. Jim