Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Freedom Fighter who wrote (80608)	5/12/2000 10:29:00 AM
From: Tommaso	Respond to of 132070

Crude is up another 54 cents. If I were OPEC, I would be quietly keeping production down. If they did that, itwould be harder for some US enforcer to go around jawboning all the producers into giving us cut-rate oil. With regard to some recent ill-considered remarks about the Euro and interest rates, one wonders why, if low interest rates are so good for an economy, Japan has been in a ten-year recession. I think that most European countries are sufficiently sensitive to inflation to be willing to defend the Euro with higher interest rates, and that in turn will pull the dollar down somewhat. It's hard to know where gold fits in any more--not so much because it's been largely demonetized but because it becomes increasingly cheap to produce and doesn't disappear. I'll hang onto oil as an inflation hedge. Meantime, the brainwaves of various schizoid investors will continue to power temporary upswings in the bear market.