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To: gregor_us who wrote (169164)	12/4/2008 10:29:31 PM
From: Lizzie Tudor	Respond to of 306849

energy did poorly for the ENTIRE decade in the 90s. I know what you are saying but it is not necessarily so that energy needs to do well for the economy to do well.

To: gregor_us who wrote (169164)	12/4/2008 10:41:07 PM
From: Pogeu Mahone	Respond to of 306849

Velocity of money must be slowing down according to you... So what is your time frame for deflation to turn to hyperinflation? <<Oil at 70.00 was already good news for global consumers. But oil near 40.00 is very bad news for just about everyone. It would be much better for most people to have the global economy running slow, with petrol prices at 2.50/gallon, then to have the global economy in deep recession, with petrol prices at 1.50/gallon. We are approaching, unfortunately, the bad end of that equation right now.>> -Gregor