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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Hawkmoon who wrote (30275)	3/27/2003 1:59:41 PM
From: Cogito Ergo Sum	Respond to of 74559

Because the golden goose is strangling the global economy I dunno if that's a completely fair assessment. Lots of other stuff is killing the economy. The oil issue is more noise than not IMO. Something needs to take the blame when interest rate cuts are no longer an option. We had problems around the world when oil was cheap not that long ago. Remember OIL was cheap until the Economist predicted it would go to 5$ (that was the buy signal :o) Besides cheap oil further enhances PROC's deflation export capabilities too. No that is too simple. A stable oil price I heartily concur and that I think is more key that actually price. That's good for OPEC too BTW. OTOH oil being removed as political tool would be nice eh!