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Technology Stocks : Cisco Systems, Inc. (CSCO) -- Ignore unavailable to you. Want to Upgrade?

To: JakeStraw who wrote (69098)	10/18/2005 4:19:39 PM
From: RetiredNow	Read Replies (2) \| Respond to of 77400

The 70's were largely caused by a supply side oil shock, which led to spiralling inflation. The 2000's thus far have been caused by the bursting of the 90's overspeculation and a demand side oil shock. Our Fed is alot smarter than they were in the 70's, because they have a lot more experience on how to deal with inflation. If you are betting that this decade will be a repeat of the 70's, then you might be disappointed. Oil can still damage the economy, but it won't cause quite the damage it did in the 70's.