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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: limtex who wrote (15423)	11/13/2000 1:17:36 PM
From: Jim Willie CB	Respond to of 65232

5x oil factor is from a GDP argument you will have to ask Business Week the price of gas at pump is only slightly higher than in 1973 peak yet our economy has grown 3% per year except for a few years you may grossly underestimate the effect of offshore mfg trends and energy usage consequence both Asia Tigers and Mexico via NAFTA crude oil is up substantially this year where is the inflation? that is the most recent egregious error by inept economic statisticians they expected it to filter down to CPI it got absorbed by technology productivity gains the internet effect is so so so big, hard to calculate I have no exact figures, sorry, which would indeed be interesting I have discussed this with people smarter than me from Boston tech circles they confirm the 5x factor as a nobrainer concept / jim