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To: zonder who wrote (149719)	11/7/2002 1:22:03 PM
From: GST	Read Replies (2) \| Respond to of 164684

"Incoming economic data have tended to confirm that greater uncertainty, in part attributable to heightened geopolitical risks, is currently inhibiting spending, production, and employment." It now seems likely that there will be war -- the uncertainty is whether it will be with or without the UN. The risks increase if we go alone. The potential "payoff" for markets is the prospect of cheap oil to fuel a boom in the economy. I think that the Bush Administration is counting on cheap oil in a post-war environment to put the economy on track before the next Presidential elections. Nothing works better than cheap oil -- cheap money is not enough to boost the economy. All of this assumes that things go well and the US is going to be able to limit the sh$t that comes out of this war.