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

To: Scumbria who wrote (112207)	5/23/2000 6:12:00 PM
From: tejek	Read Replies (1) \| Respond to of 1570145

My point is that the rise in inflation we have seen in recent months is due to the first, second, and third order effects of rising oil prices. When the price of oil drops, so will inflation. Scumbria, And that is what has me worried....the oil futures indicate that prices are not coming down inspite of the fact that OPEC has increased production like the US requested. Initially the futures dropped from $32 per barrel down to $24 but now are back up to $28-29. ted

To: Scumbria who wrote (112207)	5/23/2000 10:19:00 PM
From: Joe NYC	Read Replies (2) \| Respond to of 1570145

Scumbria, Re: AG, inflation and oil prices US had the highest rate of inflation of industrial countries before the oil price increase, and still has the highest rate of inflation. There is no reason why the rate can't be brought down to the mainstream. The inflation has a very distorting effect on the whole economy. Many people don't have the math skills to translate the inflation distorted picture to reality, and these people will make incorrect economic decisions as a result. These incorrect decisions have a negative impact on the economy. Joe