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

To: ptanner who wrote (112296)	5/24/2000 12:11:00 AM
From: tejek	Read Replies (1) \| Respond to of 1570343

I am not trying to stir the pot on this topic, just point out a pet peeve of mine: commenting about prices without regard to changing context (and especially oil). PT, There is another economic component that may present a strong impetus to increasing inflation and I don't think its been discussed so far on the thread, and that's the increasing cost of labor and labor benefits. I think the labor benefit cost is up 3.8% YOY and has some economists more spooked than the current price of oil. It looks like for the first time in years productivity is not offsetting the increases in this cost. And the decrease in the unemployment rate to 3.9% has spiked those fears even more. ted

To: ptanner who wrote (112296)	5/24/2000 12:11:00 AM
From: Joe NYC	Respond to of 1570343

pt, OT Chic: Oil is near historic highs pet peeve of mine: commenting about prices without regard to changing context (and especially oil). I think you (and chic) just made my point about the danger of inflation, and how it makes people draw wrong conclusions, and therefore make incorrect decisions. For example, when my wife and I are trying to make a joint family decision about a subject, every single time I have to come up with inflation adjusted and tax adjusted numbers so that we are dealing in reality, not in a distorted world. My wife has average or even above average math skills, but I don't think she on her own would be able to do the calculation herself. I think we have hundreds of millions of people in this country living with a distorted picture of reality, yet, Scumbria thinks that the danger is not the distorted picture of reality, but AG's attempt to remove this distortion. Joe