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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?


To: mister topes who wrote (8545)9/13/1999 2:17:00 PM
From: Wally Mastroly  Read Replies (1) | Respond to of 15132
 
Don, Re: Rising oil prices act ... as rising taxes, etc.

Agree. Bob emphasized the same point on the weekend show.

Also agree that Greenspan would like this affect (i.e., to tend to slow the growth of the economy).

My concern is with the degree to which oil price increases may 'tax' the economy - if they don't start to stabilize or back off one of these months.



To: mister topes who wrote (8545)9/13/1999 3:33:00 PM
From: Kirk ©  Respond to of 15132
 
My compliments to Bob for that very astute observation Saturday.

"Rising oil prices act the same way on consumers as rising taxes. "


It is little gems such as that one that keeps me coming back week after week to listen.

Kirk out