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To: craig crawford who wrote (128627)	7/19/2001 6:21:30 PM
From: schrodingers_cat	Read Replies (1) \| Respond to of 164684

I largely agree with you on oil (and N. American gas). I think there is probably enough spare oil capacity (5mb/d?) to handle a modest pick up in demand. Oil has been flat because OPEC has been supporting the price. >what more can the fed do? Wait for their cuts to take effect. 3-6 months is not long enough for the full effect of rate cuts to be apparent.

To: craig crawford who wrote (128627)	7/19/2001 6:29:21 PM
From: schrodingers_cat	Read Replies (2) \| Respond to of 164684

I'm glad you agree with me that there are plenty of attractive US dollar denominated investments. ;-) This should help to attract foreign money and support the dollar, as I've been saying. >why not buy some land in china? I don't think you can. Doesn't the government own it all, like in other Communist countries. What would happen to the investment if US / China relations go sour?