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


To: Les H who wrote (78313)3/22/2000 10:40:00 AM
From: Les H  Respond to of 132070
 
U.S. pleads with Iraq to double oil output

biz.yahoo.com



To: Les H who wrote (78313)3/22/2000 10:53:00 AM
From: BGR  Read Replies (4) | Respond to of 132070
 
Les,

That's a completely different issue that you raise here. The original post about the $1/month increase on average CC borrowing costs still makes no sense.

And, incidentally, as I have explained in the past in this thread, rents count in calculation of CPI, not mortgage payments (one is a consumption-related and the other an asset-related expenditure). Rents are not growing as fast as mortgages, even in the coasts. So, that's a red herring you raise (almost like saying higher equity prices are evidence of inflation).

-BGR.



To: Les H who wrote (78313)3/22/2000 11:53:00 AM
From: Skeeter Bug  Read Replies (1) | Respond to of 132070
 
les, my friend, 20% annual housing inflation is no big deal in the new economy. it isn't even inflation b/c the fed says so and he wouldn't hold his position unless he knew inflation when he saw it....