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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Haim R. Branisteanu who wrote (39051)	3/25/1999 9:04:00 PM
From: Terry Whitman	Read Replies (1) \| Respond to of 94695

Haim, if I am recalling this correctly, oil prices are weighted 15% of the PPI. A 20% increase in the price of oil would cause a 3% rise in the inflation rate. That would more than double the current inflation rate. So much for a Budget surplus. <ng>

To: Haim R. Branisteanu who wrote (39051)	3/26/1999 2:44:00 AM
From: Moominoid	Respond to of 94695

David and all it seems to me that little attention is paid to the CRB and oil prices as inflationary predictors CRB is up 2.46 today or 3% to 191.17 OIL is up 0.29 today or 1.8% to $15.63 and now in ASIA an additional 0.27 to $15.90 Well any comments?? Yes - I bought units in a global resource equity fund a few weeks ago <g>. It's gone up about 3%. Probably more in US dollar terms. Could do with a rise in the Australian Dollar too <g>. I think the decline in commodity prices has helped maintain the US boom. Prices have fallen so far that I think it will be a while until they start putting pressure on inflation and growth. Japan will have to show some signs of recovery etc. It could well be the mechanism that ends the US boom but not quite yet. David