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echo: god.and.gov
to: Bill Lucy
from: Richard Hong
date: 2000-03-13 22:25:42
subject: Re: I predict: Recession this year

From: "Richard Hong" 

>> Especially given that it's been *negative* for 20 years.

Bill,

What it has been isn't really relevant to the impact it will have now.  Our
economic growth of the 90s is largely attributable, IMO, to the negative
growth in fuel prices.

It's no accident that our economic fortunes for the last generation have
risen and fallen with the price of oil.

Rich

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