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To: IceShark who wrote (18013)	9/13/2000 2:13:10 PM
From: Gary M. Reed	Respond to of 436258

From TheStreet.com: Call it the Oil Recession By Anirvan Banerji Special to TheStreet.com 9/13/00 1:33 PM ET The economy's humming along, no more interest-rate hikes are in sight, and the markets are starting to feel comfortable again after the inflation scare last spring. Sure, the euro's tanking, but isn't that their problem? True, oil prices are at decade highs, but in inflation-adjusted terms that's still moderate. Why worry? I'll tell you why. The fact is, throughout the last 50 years, there has never been a spike in oil-price inflation of this magnitude without a subsequent recession. That's right -- never. And a spike in oil-price inflation preceded almost every recession... thestreet.com