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To: Sarmad Y. Hermiz who wrote (130990)	9/7/2001 8:58:41 AM
From: Oeconomicus	Read Replies (2) \| Respond to of 164684

Only lower oil prices can save the economy now. Oh? 22% down in a year and 26% down from the 12-month high not good enough for you? And why is oil the key? And probably deficit spending will be needed soon, also. More spending? WRONG! Try tax cuts we don't have to wait years to see. Specifically, let's have a capital gains tax cut.

To: Sarmad Y. Hermiz who wrote (130990)	9/7/2001 5:26:00 PM
From: craig crawford	Read Replies (1) \| Respond to of 164684

what happened to $20/bbl oil? Message 16316784

To: Sarmad Y. Hermiz who wrote (130990)	9/7/2001 6:41:20 PM
From: schrodingers_cat	Read Replies (1) \| Respond to of 164684

>several tech sectors are far below April's lows. Yes, even the companies whose business held up at first have fallen prey to the bear. It makes me wonder how long EBAY and IBM can hold. >Only lower oil prices can save the economy Oil doesn't look like it wants to go down. US stocks of gasoline have fallen over the last few weeks. Demand for gasoline and diesel has been surprisingly strong, despite the recession. OPEC seems firmly in charge of the market, for now. Natural gas has recently fallen steeply, which in particular should benefit the chemicals industry. I think everybody just has to be very patient and wait for the interest rate cuts to work, which should happen this winter. The NAPM manufacturing numbers looked good this week, maybe that is the first sign of a turnaround. >deficit spending I figure that the US will be running a real deficit (not just social security) by next spring.