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"inflation is still not a problem even with rising oil prices"
and I suppose that's why the fed doesn't keep raising interest rates. i
agree with your analysis of Gold and other commodities though, it's not a
problem, yet. but it could be if there's a tax cut which will just throw
more money into an already inflamed system and reduce the ability of the
government to pay off the deficit (and risk SS too).
there's a reason greenspan is against large tax cuts and it's not because
he's liberal or he needs the social security.
> -----Original Message-----
> From: tradejacker@xxxxxxxxxxxx [mailto:tradejacker@xxxxxxxxxxxx]
> Sent: Thursday, March 09, 2000 2:06 PM
> To: omega-list@xxxxxxxxxx
> Subject: Re: FW: is this the beginning of .....
>
>
> declining gold prices do not support this view...inflation is still not
> a problem even with rising oil prices...the u.s. infrastruture has taken
> energy pricing into account over the years and maded adjustments
> via crude
> / natural gas hedging strategies, but the transports (air, rails,
> and trucking)
> might be impacted for a while. remember that we are in a different world
> than in the late 70's-early 80's.....thanks to microsoft / intel and the
> rise of small home offices and businesses......
>
> TJ
>
> At Thu, 9 Mar 2000 07:23:37 -0800, "Brian Massey" <bnm03@xxxxxxx> wrote:
>
> my opinion of why Greenspan
> >is
> >against a wholesale tax cut is because it creates inflationary pressures
> >that the economy doesn't need right now.
>
>
>
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