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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: IQBAL LATIF who wrote (29838)	11/26/1999 7:33:00 AM
From: GROUND ZERO™	Respond to of 50167

>>Higher oil prices have already helped to lift America?s inflation rate to 2.6% in October, up from 1.5% a year ago; the latest rise in oil prices could well push it above 3%. The core inflation rate remains relatively subdued, but headline inflation could still spill into wages and hence other prices. If it does, the Fed might be forced to raise interest rates by more than is now forecast. So OPEC could yet do more damage than most people expect.<< Oil prices are only the beginning of the problem you address... commodity prices are also beginning to rise over the last several months.. the livestock markets have been in a bull trend now for some time and this translates into higher food costs down the road... the grains and agricultural markets are also now about to join the bull trend in commodity prices... these are incipient signs of inflation sometime next year and this is what the bond market is probably trying to tell us... Alan Greenspan is no fool... I would not be surprised if we see 7.50% in the long bond... I'm adding these markets to my commodity portfolio today..... My Best Regards... GZ