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To: Think4Yourself who wrote (52254)	10/1/1999 10:45:00 AM
From: RBlatch	Read Replies (1) \| Respond to of 95453

John Q - Seems as if your reservations about RRC are ringing true. I, too, have little faith in a rally for RRC at this point in time. Cordially, RBlatch

To: Think4Yourself who wrote (52254)	10/1/1999 11:35:00 AM
From: BigBull	Read Replies (1) \| Respond to of 95453

NY Fed's Mcdonough comments are very interesting, imo. biz.yahoo.com Indicating to me that the Fed does NOT wish to induce a recession here ala Paul Volker (remember him?). I believe oil prices will cause a jump in inflation, but not to the degree many expect. Three very powerful forces will keep it in check. 1. Productivity - so noted by McDonough. Not just a US phenomenon. 2. Disintermediation - Internet cuts out the midddle man. 3. Moore's Law - Computer processing power almost doubling every 9 months to a year. I do not believe a recession is imminent. ------------------------------------------------------------ Doomberg starting to get with the program. My only question is are the "normal" levels of US stocks going to be enough with worldwide demand growing on a daily basis. Don't forget Europe should be completely out of recession this quarter. quote.bloomberg.com "OPEC last week decided to maintain those cuts until April to keep prices high and boost their oil-dependent economies' income. If those cutbacks are maintained, stockpiles of oil equivalent to 86 days of supply during the third quarter of 1999 will likely fall to a ``normal' level of 80 days' supply, according to the Centre for Global Energy Studies. "