John Silvia Quotes
I think if you had $70 oil, and the Fed were to continue to raise interest rates to fight inflation, that could cause a problem... I think there's a certain breaking point where that the price of energy alone is so high that it changes the psychology of both businesses and consumers. I think $80 would probably break the back. 
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In no way is that positive for the administration in the fall. We are going to be in Iraq at the same time. It's war and the (slowing) economy. That has to be negative for the administration.
- John Silvia
