Mon vieux, I've practically mailbombed the list with chapter and verse. Check out
the piece by Faire on the website. It's surely a commonplace that oil hikes are
deflationary. I don't mean price deflation, I mean economic deflation which can
coincide with price inflation and is then called stagflation
mark
> -----Original Message-----
> From: [EMAIL PROTECTED]
> [mailto:[EMAIL PROTECTED]]On Behalf Of Julien
> Pierrehumbert
> Sent: 08 January 2001 16:12
> To: [EMAIL PROTECTED]
> Subject: Re:[CrashList] from Policy Pete
>
>
> Mark,
>
> >There is no doubt that high oil prices are net deflationary.
>
> "There is no doubt" is not an explanation nor an argument.
>
> >Asia has perhapd already become the financial centre of gravity of the
> world market
>
> What makes you say that?
>
> Julien
>
>
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