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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (15283)	5/2/2001 1:16:48 AM
From: JOHN N.	Respond to of 30051

Zeev; What do you think is the impact of brewing inflation that hasn't reached the consumer level yet. A friend of mine said that companies like Chevron and Phillips who sell polymers have had their feedstock prices double and are just now starting a series of significant price increases for polyethylene and polypropylene. These prices will double between now and the end of the year. That is just one example of how higher oil costs are rippling through the economy. The resulting inflation will hit harder over the next 3-6 months and eventually reach the consumer. What do you think the impact of this will be?