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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Hawkmoon who wrote (52680)	5/13/2000 9:35:00 PM
From: LLCF	Read Replies (1) \| Respond to of 116915

<In sum, the results may be the same, but the causes are completely different. One is manipulation by monopolists, whereas the other is demand outpacing the ability to produce due to overly stimulative monetary policy.> Yes, exactly. That's my point. <I don't care what other practitioners of the dismal science believe about oil prices and inflation, I care what AG believes.> I can assure you Alan Greenspan is an economist... and roughly in line with the others on this issue. <As for oil, interest rate hikes should not be dictated by someone hiking up our costs of production by 25%. In fact, rates should naturally decline in order to compensate the economy for the extra cost of production caused by such a non-inflationary externality.> Yes, that's what I said in my last post.... I believe that as the rise in oil import prices suck vitality out of our economy which I already believe is already headed into recession [from it's own weight], AG will again ease... halting his attempt to reign in an exploding [ed?] money supply. Dollar down, gold up. DAK