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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: combjelly who wrote (270554)	1/30/2006 11:08:13 AM
From: Road Walker	Read Replies (1) \| Respond to of 1575941

re: Especially if it goes $100+ as some are talking about. Even if it doesn't, when the final shoe in the form of few wanting our bonds any more finally drops, things will go fairly quickly. And all the while we will have Tim and Taro and the others arguing it won't be too bad because the percentage was higher in the past or higher in other countries... I think, in a real long term oil embargo situation, $100 is very conservative. With the election of Hamas, the odds of a political scenario that would lead to an embargo increased dramatically. And a long term oil embargo would certainly set up the unwinding of the trade imbalance; with huge increases in interest rate, inflation and unemployment. It's really a nightmare scenario. John