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Strategies & Market Trends : The Stock Market Bubble -- Ignore unavailable to you. Want to Upgrade?

To: Moominoid who wrote (816)	7/26/1998 10:28:00 AM
From: James F. Hopkins	Read Replies (1) \| Respond to of 3339

David: RE>Warm Winter in US/Europe and the depression in East Asia are likely to have been of more importance in pushing down oil prices?<< --------------- Yes very much so, and of the those two I think depression in Asia has had the largest effect, and will continue to effect oil prices for some time. At this juncture any OPEC deal to boast oil prices will prolong any recovery over there. Most of them do not have oil of their own and in the modern world not having oil is like two strikes against you to start with. --------------- I'll go so far as to say high oil prices late 96 was part of the cause of Asia's problems, not the primary cause but it added to the dilemma far more than the economist and news pundit's want to talk about , oil is so central to every thing we do that had it stayed up we would have run into many of the same problems Asia did. ------------------ All the IMF help that can be given to them won't get them on their feet if OPEC manages to jack up oil prices. Jim