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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (34080)	10/17/1998 1:29:00 AM
From: Merritt	Read Replies (1) \| Respond to of 132070

MB: In your post to J.C. you referred to stagflation, and in an earlier post you referred to the Republicans causing the problems of the 70's. The stagflation of the 70's, IMO, was caused by Johnson's "war on poverty" program being conducted at the same time as the war in Viet Nam. Those two things resulted in Nixon taking the dollar off the international gold standard, which in turn, caused OPEC to raise prices by curtailing production. At least that's my interpretation. In today's world, we have the Japanese, and maybe others, selling dollars and causing it to weaken. With already low oil prices, what do you think the chances are of OPEC getting together and doing what they did in the 70's? Best, Merritt

To: Knighty Tin who wrote (34080)	10/17/1998 6:49:00 AM
From: valueminded	Read Replies (1) \| Respond to of 132070

Mike: What is it that makes you see oil at $18/barrel ? If demand doesn't do it, is it the supply thate will be curtailed ? I thought stagflation was measured at the consumer level, if mfg have no pricing flex and their cost to produce goes up but cost to customer is constrained, it would seem that we would just get a recession without the accompanying inflation thanks

To: Knighty Tin who wrote (34080)	10/17/1998 10:20:00 AM
From: geewiz	Read Replies (1) \| Respond to of 132070

Gooood Morning everyone, Mike, if we do get a return of the crazy valuations its' difficult to see how it can be sustained with the same rhetoric: AOL, AMZN, DELL etc... are there enough Paul's? (vbg); good value today in the oils and bios; BRR and PPP at 50% over book.... But it is hard to imagine where the potential market capitalization could be transfered to; sure we will experience futher significant loss, but valuations of tech sector are still large. Waiting on your comments on the MU fiasco.. thanks art