Now that I can answer. Higher interest rates would almost surely result in a recession in the current environment. That would mean lower employment.
Thanks for an informative answer. One follow up. I was under the impression that all prices have an energy component so that any price increases in oil would have a ripple effect on all prices. Wrong?
-- Doug _______________________________________________ http://www.mccmedia.com/mailman/listinfo/brin-l
