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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Scumbria who wrote (99322)	3/21/2000 1:53:00 PM
From: Petz	Respond to of 1570557

Scumbria, re:<Maybe someone should tell Greenspan that "it is the oil, stupid"> You mean causing inflation? He's worried about future inflation. I think the increase in prices at the pump will slow the economy by about as much as a 3/4% increase, making a 1/2% increase unnecessary. So in a sense, the oil increase may prevent future inflation. I'm sure Greenspan likes it that the tech stocks are correcting. Lets not spook him by buying any more garbage on the NAZ. Petz

To: Scumbria who wrote (99322)	3/21/2000 2:29:00 PM
From: tejek	Read Replies (1) \| Respond to of 1570557

The Feds, in all their wisdom, think that they can control this inflation by raising interest rates. Maybe they can throw the economy into recession by combining high gas prices with high interest rates? Maybe someone should tell Greenspan that "it is the oil, stupid". Scumbria, But what's the alternative....unabated inflation leads to trouble as well. ted

To: Scumbria who wrote (99322)	3/21/2000 2:31:00 PM
From: Jim McMannis	Read Replies (1) \| Respond to of 1570557

Scumbria, RE:"The price of gas is going up because OPEC has cut back oil production. Increasing gas prices causes increased manufacturing costs, which leads to inflation. The Feds, in all their wisdom, think that they can control this inflation by raising interest rates. Maybe they can throw the economy into recession by combining high gas prices with high interest rates? Maybe someone should tell Greenspan that "it is the oil, stupid"."... I think oil consumption is rising rapidly as well...the Sheiks waited for everyone to get an SUV. Now, the current administration including Reno, are high fiving it, going after domestic companies like Microsoft while continuing to send billions to defend our buddies in the Persian gulf who clearly engage in price fixing schemes. Meanwhile, we can't drill offshore and are protecting the Arctic wildlife refuge, (which I'm basically for) Unfortunately, due to the mismanagement of out foreign policy, we will probably end up offshore drilling and drilling in the Arctic Wildlife refuge. The attitude of the current zipper administration is that they can beg and grovel and the Sheiks will turn on the spigot, oil prices will fall. Well I've got news for everyone...since when have gas prices gone down going into the summer? Look out for higher gas prices. In Monroe County, FL, prices are already over $2/gal for high test. I can imagine what they are in Silicon valley... Yes, you are right...high energy costs will help the higher rates slow down the economy. I remember waiting in gas lines in 1973-4 in San Francisco... I also remember what happened to the stock market in 1973-74. Jim

To: Scumbria who wrote (99322)	4/1/2001 9:58:00 AM
From: Scumbria	Respond to of 1570557

From 12 months ago: The price of gas is going up because OPEC has cut back oil production. Increasing gas prices causes increased manufacturing costs, which leads to inflation. The Feds, in all their wisdom, think that they can control this inflation by raising interest rates. Maybe they can throw the economy into recession by combining high gas prices with high interest rates? Message 13249919 The semiconductor industry has been growing at a phenomenal rate, and will continue to do so unless AG screws it up. I'm starting to get the feeling that he won't be satisfied until he has caused a recession. Message 13761177 Message 13771493 Message 15004019 Message 15244781 Message 15244831 Message 15319938