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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?


To: Freedom Fighter who wrote (67518)9/11/1999 1:09:00 AM
From: PaperChase  Read Replies (5) | Respond to of 132070
 
What is wrong with this picture?

"Producer prices were up 0.5 percent in August. But when volatile energy and food categories are excluded, prices actually dropped. "

Hint: 1973 & 1977

I always said bull market will end when the bank lending ends. Banks are still lending even though negative savings rate etc. But I also forgot to tell you that the bull market will end within 3 months of higher sustained crude oil prices. This is how long it takes for these higher costs to seep thru the economy and show up as higher prices.

I suspect that our government is stock-piling gasoline and oil because of expected foreign Y2K problems.

Mark my words, the fed will raise rates in October on the oil price increase alone since this feeds the cost of everything else.

I hereby tender my official resignation as a bull until February 2000.