Forum Archive Index - April 2000

["hugh webber" <hugh.webber@clear.net.nz>]

I note that most of the reason given for the US consumer price
rise (which is consumer prices not producer prices or b2b) was
'energy and transportation' - presumably the transportation due
to energy.
And yet in the last little while oil prices have declined from $US30
to about $US20 I think and the OPEC compliance on production 
restraints has been discovered to be slipping away and never
absolute compliance anyway. The price index was historical, by
definition.
Do we now get a belated reassessment in the US, sorry there
was no need to panic?
I also see Lawrence Summers the US Treasury Secretary making
reassuring noises about US economic fundamentals still being Ok.
However its not quite that easy Lawrence; the silly panic has probably
somewhat crippled the ability of very productive tech developments to raise
the 
capital to develop and expand. Some other countries, Japan, Hong Kong &, 
have been known to take temporary government holdings to prevent that
sort of damage but it requires quick thinking which the US is not renowned
for.

cheers,
hugh
.

----------------------------------------------------------------------------
http://www.sharechat.co.nz/          New Zealand's home for market investors
To remove yourself from this list, please us the form at
http://www.sharechat.co.nz/forum.html.