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To: The Ox who wrote (74251)	9/22/2000 2:42:59 PM
From: jim_p	Read Replies (1) \| Respond to of 95453

Michael, I agree with you in the long run, but in the short run most people don't want to change their standard of living. As a result, savings and or debt goes up to pay for the higher cost of living. Jim

To: The Ox who wrote (74251)	9/22/2000 3:36:27 PM
From: isopatch	Respond to of 95453

What you are describing is "stagflation". And remember it's not just heating and transportation. 10s of thousands of products that are fundamental to the function of a modern economy are made all or in part from petrochemical feed stocks. Runaway inflation? No. But a much larger increase than 95% of investors are expecting. And no I don't have a number to give as a PPI or CPI forecast 3 or 6 months from now. Just expect it's going to surprise even the vast majority of economists who are way way behind the curve on this issue. Am not a gold bug. Have some in the portfolio because I think it's prudent in light of what I've said above. Isopatch