Prayin' for a warm Winter

Doug Henwood dhenwood at panix.com
Wed Sep 13 10:09:38 PDT 2000


Michael Perelman wrote:


>An oil shock would not be considered inflationary.

The conventional thinking on the oil rise on Wall Street now is that it's a "tax on consumption" rather than a spur to inflation - and therefore rich with good potential, since it'll slow growth, and disincline the Fed to tighten further.

In a bull market, everything is bullish.

Doug



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