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Pastimes : The Justa and Lars Honors Bob Brinker Investment Club Thread -- Ignore unavailable to you. Want to Upgrade?

To: Justa Werkenstiff who wrote (393)	7/20/2000 3:40:13 PM
From: Hank Stamper	Read Replies (1) \| Respond to of 10065

Justa Re: "Atlanta-based UPS said it would begin collecting from customers a 1.25 percent surcharge on Aug. 7 because the company's fuel costs this year would likely be about $100 million more than originally planned." First, the customers will pay the charge and given the momentum in the economy, there will be little or no slowing effect on packages shipped. If this really happens, then we I think the psychology of inflation will have got a small toe-hold. I.e., it is my speculation but, I think reasonable to conclude that UPS customers will say to themselves, "Well, fuel is going up and I gotta pay more. Now, who can hit up to make up for the increase?" If that happens, then rising energy costs will not just be a defacto tax on income--it will have begun to spread through the system as in a zero-sum game. Ciao, David Todtman