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To: jeffbas who wrote (6376)3/20/1999 11:27:00 AM
From: Ron Bower  Read Replies (2) | Respond to of 78497
 
Thread,

I have expressed my fears of this happening and feel it to be a major consideration for investing. This is potentially serious when most of the world is striving to recover. Oil impacts the cost of almost every product from gas to plastics to fertilizer to transportation to energy, to ...

It's the most inflationary commodity. With oil priced in $US, a Fed reaction to resulting inflation of increasing rates would cause a stronger $US, worsening the situation for the rest of the world.

dailynews.yahoo.com

1973 and 1979!!

FWIW,
Ron