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

To: Jess Beltz who wrote (41159)	12/28/1998 2:47:00 PM
From: John Dally	Respond to of 132070

Hi Jess, I view low energy prices as a symptom of a slowing global economy. To me, energy prices may be signaling an imminent global recession, resulting in declining profit margins and lower US equity prices. With global overcapacity in many industries, the price wars would be intensified in a contracting global economy. What happens to all the money sloshing around? Perhaps a rush into bonds, resulting in lower interest rates. I wish I knew. Best regards, John.

To: Jess Beltz who wrote (41159)	12/28/1998 3:05:00 PM
From: Knighty Tin	Read Replies (2) \| Respond to of 132070

Jess, I'll bet you a quarter that energy prices are at least 30% higher this time next year than they are today. MB

To: Jess Beltz who wrote (41159)	12/28/1998 6:07:00 PM
From: Mike M2	Read Replies (1) \| Respond to of 132070

Jess, IMO AG's three rate cuts in rapid succession were done to bail out the banks and hedge funds from their derivatives problem especially the cut between meetings JUST BEFORE OPTIONS EXPIRATION. for more details see gold-eagle.com Mike