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

To: Amy J who wrote (133291)	2/21/2001 9:50:44 PM
From: tejek	Read Replies (1) \| Respond to of 1570652

Amy J, From the article: "But if this keeps up, it means we're entering the worst of all worlds — one when inflation is going up, and economic growth is going down. That's stagflation, which we saw in the '70s, and it really ties the Fed's hands in terms of what it can do. It's way too early to sound the alarm on that just yet." Actually, I was thinking in terms of the downsizing in the auto industry. Jim was assuming that higher gas prices and our love of SUVs would override any concerns for the ANWR. But in the seventies (I think late 70's,)what happened is the American auto industry emulated the Japanese and created compact cars. And that well could happen now which provides us with an alternative to drilling the ANWR. Thanks for the link btw. ted