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

To: Scumbria who wrote (115771)6/13/2000 5:35:00 PM
From: Jim McMannis  Respond to of 1579256
 
RE:"What did that have to do with interest rates or the Fed?"

In the beginning nothing it slowed things but when demand returned to the equation inflation really took off.
Eventually the FED had to raise rates. Sound familiar? Lets hope the FED doesn't have to wait for another Volker.

Jim



To: Scumbria who wrote (115771)6/13/2000 7:09:00 PM
From: TGPTNDR  Respond to of 1579256
 
Scumbria, Re:<Remember the OPEC oil embargo? What...>

That's easy, sir, since the oil price went up, so did inflation, so the FED increased interest rates to combat the OIL price tax hike. & the CONGRESS decided to buy oil to pump into the ground.

tgptndr


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