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Title: Is the USA is in a recession because of high gas prices?
Source:
clarionledger
URL Source: http://www.clarionledger.com/apps/p ... D=/20061102/BIZ/611020363/1005
Published: Nov 2, 2006
Author: USA Today
Post Date: 2006-11-02 15:56:01 by TLBSHOW
Keywords: None
Views: 19788
Comments: 71
Economy slowing; recession in 2007? WASHINGTON — There is little doubt the economy is slowing. What is unclear is how long the decline will last or how deep it will be. The latest evidence of a slowing economy came Wednesday in reports showing a dip in the rate of growth in the manufacturing sector and a further decline in housing construction. Also on Wednesday, Merrill Lynch warned clients that its "recession-risk indicator" is now pointing to a 51 percent chance of a recession in the next year, the highest such odds since the last recession in 2001. The indicator has only twice hit the 51 percent line without being followed by a recession, Merrill Lynch chief North American economist David Rosenberg said in a report titled, On a Knife's Edge. The question of whether there will be a recession is "still a tough call," he says. But "what the indicator represents is, at a minimum, a significant slowing in growth." Joel Naroff of Naroff Economic Advisors says there are still enough factors in the economy's favor to keep it afloat. In particular, job growth is still solid, and wages are rising while interest rates are low, historically speaking. But that doesn't mean the economy is poised for a big takeoff. "I'm not concerned about a recession at all, but I do think that we could be looking at (subpar) growth ... this quarter and the first half of next year," he said.
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#3. To: All (#0)
Fearing Slow Holiday Sales, Wal-Mart Cuts Prices Expecting a grim November, Wal-Mart Stores said it would immediately slash prices on 100 popular electronics, abruptly rearranging the Christmas calendar for its customers and competitors http://www.nytimes.com/2006/11/03/business/03cnd-walmart.html? ei=5065&en=4f4650f3b08e740e&ex=1163221200&partner=MYWAY&pagewanted=print THE GAS PRICES ARE KILLING EVERYONE TLBSHOW
Now I have told you before it happens so that, when it happens, you may believe
http://www.sunherald.com/mld/sunherald/business/15898450.htm
Now I have told you before it happens so that, when it happens, you may believe
Check out the adjusted for inflation. Price of gas is relatively constant over time, taking inflation into account and with respect to all things we buy. "Nationwide, prices have also started rising in many areas," AAA Texas spokeswoman Rose Rougeau says. "Oil industry analysts are saying that could be the result of OPEC's announcement last month that it is reducing crude oil production." http://sanantonio.bizjournals.com/sanantonio/stories/2006/10/30/daily37.html
Now I have told you before it happens so that, when it happens, you may believe
http://www.telegraph.co.uk/m oney/main.jhtml? xml=/money/2006/11/04/ccuselect04.xml
Now I have told you before it happens so that, when it happens, you may believe
So, a 'halt' is equal to an increase? You are a fucking moron.
I just give truth before it becomes truth - warning A recession looms over AMERICA
Now I have told you before it happens so that, when it happens, you may believe
Experts Predict Wave of Bankruptcies "The American consumer is arguably the weakest link in the credit chain," a financial advisor says. Helen Shaw, http://CFO.com November 10, 2006 Most professionals involved in bankruptcy restructuring expect a rise in bankruptcies within the next 12 to 18 months, according to a survey. Over 70 percent of 90 restructuring pros in a survey by the American Bankruptcy Institute and Daily Bankruptcy Review expect that U.S.corporate restructurings will increase. Respondents to the July survey included attorneys, distressed- debt investors, financial advisors, investment bankers, and lenders. The survey participants differ on the most likely trigger for the next wave of bankruptcies. But 48 percent predict that it will be interest rates. The other triggers respondents cited were: home prices, 15 percent; commodity prices, 13 percent; global competition, 7 percent; and the equity bear market, 5 percent. Others think that a decline in consumer spending and unfunded pension plans will be possible triggers. But the impetus might not be so concrete. "I don't think it's going to be an event that's the trigger," stated John Penn, a partner at law firm Haynes and Boone, "I think it's going to be more a realization that credit quality matters," he said in the joint ABI and Daily Bankruptcy Review report on the survey, which was released today. Respondents also listed the industries they expect will be the most affected by corporate bankruptcies. Eighty percent expect the real estate and construction industry to be "very" or "extremely" vulnerable to an economic downtown. Over two-thirds believe that retail is as vulnerable to an economic downturn. Also cited among the most likely industries to experience bankruptcies in the coming months were: airlines, 67 percent; manufacturing, 63 percent; and transportation, 49 percent. "The sectors [that are] close to the default line are those that deal specifically with the consumer," said Anders Maxwell, managing director of financial advisory firm Peter J. Solomon Co., during a Webinar announcing the survey results. "The American consumer is arguably the weakest link in the credit chain." Maxwell added that the creditworthiness of the average American corporation is weaker than it was 15 to 20 years ago. "That is masked today by staggering liquidity," he said. The most frequently used metric for predicting whether a company might file for bankruptcy protection is operating cash flow – 54 percent of survey respondents refer to it when trying to predict whether a company will remain solvent. Up until now this year, only a handful of companies with over $1 billion in liabilities have gone bankrupt, Edward Altman, a professor at the Stern School of Business, New York University, noted during the Webinar. That number is small relative to 2004 and 2005, when there were 10 large corporate bankruptcies in the United States in both years. An increase in restructurings is a certainty, he warns. "It will happen, but no one knows when," said Altman.
Now I have told you before it happens so that, when it happens, you may believe
Gas Prices Rise After 11 Weeks Of Decline (CBS) LOS ANGELES Following 11 consecutive weeks of declines, the average price of a gallon of self-serve regular gasoline in the Los Angeles-Long Beach area rose 1.5 cents over the past week, the Automobile Club of Southern California reported Friday. Now I have told you before it happens so that, when it happens, you may believe
But you didn't say 'rising' gas prices, you liar. You said 'high' gas prices. They are lower than they've been for years. False prophet and liar.
"The economic forecast clearly reflects the fact that the U.S. economy is moderating to more sustainable growth levels, firmer labor markets and steady inflation rates," Treasury Secretary Henry Paulson said in accompanying remarks. The forecast said that the revisions reflect a weakening in the housing sector, but that other areas of the economy remain strong. On Monday, the Census Bureau delivered more bad news from the housing sector, reporting that new housing starts slipped nearly 15 percent in October to their lowest level in over six years, while builder's confidence hit a nine-year low.
Now I have told you before it happens so that, when it happens, you may believe
Gas prices go back up for holiday by O.Kay Henderson Pump prices in Iowa have inched up heading into Thanksgiving. The latest Department of Natural Resources survey found the average price of gasoline in Iowa's metro areas jumped eight cents -- up to $2.16 a gallon. Bill Blum of the D-N-R says despite a "strong" supply of crude oil, gasoline prices are going up as stations anticipate growing demand over the holiday
Now I have told you before it happens so that, when it happens, you may believe
I just give truth before it becomes truth - warning A recession looms over AMERICA Now I have told you before it happens so that, when it happens, you may believe TLBSHOW posted on 2006-11-04 15:18:36
Now I have told you before it happens so that, when it happens, you may believe
Once someone is proven a false prophet people don't believe their prophecies anymore.
never said i was a prophet.. but i do have the gift to see the truth before the truth is known~! .:>)
Now I have told you before it happens so that, when it happens, you may believe
ps itistoolate FOR THE AMERICAN PEOPLE TO DO A DAMN THING ABOUT BEING MADE SLAVES...AND FOR THE DESTRUCTION OF THE COUNTRY BY GOD...piece by piece day by day... and like in the days of noah will be in these days that foLks are blind TO THE FACTS...
Now I have told you before it happens so that, when it happens, you may believe
Clintonian word parsing. No. It has been demonstrated that you don't. Now you are just lying in addition to being a false prophet ... and probably blasphemy.
Wal-Mart sees weak sales as holiday season starts
Now I have told you before it happens so that, when it happens, you may believe
let us now add to the word mix the depression, when we mix high gas prices and the housing bust...then you get the word depression,,, DAMN TLBSHOW you have the gift to see the truth
Now I have told you before it happens so that, when it happens, you may believe
Nov 27, 7:18 PM (ET) By TIM PARADIS NEW YORK (AP) - Wall Street had its worst day in more than four months Monday as the dollar weakened and concerns about the strength of the retail industry arose following a rare sales decline at Wal-Mart Stores Inc. (WMT) The Dow Jones industrials fell 158 points.
Now I have told you before it happens so that, when it happens, you may believe
OOPS THAT DAMN GIFT WASHINGTON (AP) - Federal Reserve Chairman Ben Bernanke said Tuesday that risks from inflation or a worse-than-expected housing slump could further complicate things for Now I have told you before it happens so that, when it happens, you may believe
High Gas Prices Hike Auto Registration Fees WISC, WI - Nov 20, 2006 ... He admits it's his longest trip in a while. When gas prices reached above $3 a gallon the family stayed home as much as possible. ... High Gas Prices Grounding Some for the Holiday http://6abc.com, PA - Nov 20, 2006 ... Five years ago few of us would have thought we'd be glad to see regular gas prices hovering over two dollars a gallon. But here we are. ... Father of 3 struggles with high gas prices Sunbury Daily Item, PA - Nov 22, 2006 ... job in direct sales. "It's been a real bad year, with the low economy combined with gas prices," he said. To make money, Mr. Kemper ... Crude Oil, Natural Gas Prices Rising http://Playfuls.com, Romania - 5 hours ago The futures prices of energy commodities rose Tuesday, with high-quality crude ... to reduce foreign control over the nation's oil and natural gas assets, a ...
Now I have told you before it happens so that, when it happens, you may believe
The dollar tumbled to a near a 15-year low against sterling yesterday on fresh signs of economic trouble in the United States. http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2006/11/29/cndollar29.xml
Now I have told you before it happens so that, when it happens, you may believe
You're such a dick. Mertz, do something here.
Wal-Mart and Applebee's are both going into a recession of sorts. Negative numbers. It could be because the sheeple returned 97% incumbents to their palaces on the Potomac. The sheeple want more of the same-old, same-old. They don't want change for the better, just the security of the status quo. The status quo gives the sheeple high gasoline prices. Actually, $4.00 per gallon would not bother me too much because it will reduce traffic.
"If I thought this war was to abolish slavery, I would resign my commission, and offer my sword to the other side." --Ulysses S. Grant
AS LONG AS GAS PRICES REMAIN HIGH THE ECONOMY IS TANKING
Now I have told you before it happens so that, when it happens, you may believe
London, England: Over 6 bucks a gallon. Yes. And they're so uptight about it, they're driving on the wrong side of the road!
"If I thought this war was to abolish slavery, I would resign my commission, and offer my sword to the other side." --Ulysses S. Grant
Funny.
Labor Department report Thursday that showed a surprising increase in claims for jobless benefits last week added uncertainty to the outlook for holiday sales. ........... To: MeneMeneTekelUpharsin Very true. Some have their heads stuck in the sand. 2 posted on 11/30/2006 9:07:10 PM EST by Dubya (Jesus saith unto him, I am the way, the truth, and the life: no man cometh unto the Father,but by me) http://www.freerepublic.com/focus/f-news/1746710/posts
Now I have told you before it happens so that, when it happens, you may believe
Published: November 30 2006 18:42 | Last updated: December 1 2006 00:12 The dollar suffered sharp falls on Thursday, hit by reports of weak US business activity and a benign inflation picture. http://www.ft.com/cms/s/5f9c46dc-80a1-11db-9096- 0000779e2340.html
Now I have told you before it happens so that, when it happens, you may believe
Oil Prices Rise Above $63 a Barrel Nov 30 11:26 AM US/Eastern By GEORGE JAHN Associated Press Writer Oil prices briefly shot above $63 a barrel Thursday in a rally that brokers attributed to technical trading, coupled with buying prompted by the approach of the Northern Hemisphere winter. Natural gas futures also climbed following the release of government data that showed a net withdrawal of natural gas from domestic underground storage facilities. Analysts are split over whether the recent surge in energy futures represents a correction for a market that had been trending lower since late summer, or if it is the beginning of a new upswing
Now I have told you before it happens so that, when it happens, you may believe
"...Since last summer, when the housing bust became unmistakable, interest rates on long-term bonds have fallen sharply. They’re now yielding much less than short-term bonds. The fact that investors are willing to buy those long- term bonds anyway tells us that these investors expect interest rates to fall. And that will happen only if the economy weakens, forcing the Federal Reserve to cut rates. So bond buyers are, in effect, betting on a future economic slowdown. "...How serious a slump is the bond market predicting? Pretty serious. Right now, statistical models based on the historical correlation between interest rates and recessions give roughly even odds that we’re about to experience a formal recession. And since even a slowdown that doesn’t formally qualify as a recession can lead to a sharp rise in unemployment, the odds are very good — maybe 2 to 1 — that 2007 will be a very tough year.
Now I have told you before it happens so that, when it happens, you may believe
warning A recession looms over AMERICA Now I have told you before it happens so that, when it happens, you may believe TLBSHOW posted on 2006-11-04 Concerns about the banks were started by comments by former Federal Reserve chairman Alan Greenspan that a recession could occur in the US by the end of the year. http://www.theaustralian.news.com.au/story/0,20867,21298417- 20142,00.html February 28, 2007
Now I have told you before it happens so that, when it happens, you may believe
#9. To: Biff Tannen (#8) warning A recession looms over AMERICA Now I have told you before it happens so that, when it happens, you may believe TLBSHOW posted on 2006-11-04 Concerns about the banks were started by comments by former Federal Reserve chairman Alan Greenspan that a recession could occur in the US by the end of the year. http://www.theaustralian.news.com.au/story/0,20867,21298417- 20142,00.html February 28, 2007
Now I have told you before it happens so that, when it happens, you may believe
How's it going, Todd? Boss-man cracking the whip down at the chicken-plucking plant?
Bucks too hard plays too rough, 2000 pounds of dangerous stuff, The way he looks he wants to tear me apart, But the way he throws me nearly stops my heart,-Buck and Roll.
Are you saying his boss-man is a 'cracker'?
"If I thought this war was to abolish slavery, I would resign my commission, and offer my sword to the other side." --Ulysses S. Grant
February 28, 2007 You do realize there is this thing called time, and when you prophesy (falsely) something as happening in 2006 and then it doesn't happen until 2007 you can't go back and say you were right. And you're still not right anyway, you wanker. Ya bloody tosser.
loom1 (lkm) intr.v., loomed, loom·ing, looms To seem imminent; impend: Revolution loomed but the aristocrats paid no heed.
Now I have told you before it happens so that, when it happens, you may believe
Now I have told you before it happens so that, when it happens, you may believe
Did the person pumping that fuel pay for it, or drive-off? What is the meaning of posting that photo?
"If I thought this war was to abolish slavery, I would resign my commission, and offer my sword to the other side." --Ulysses S. Grant
Comments (44 - 71) not displayed.
Top • Page Up • Full Thread • Page Down • Bottom/LatestNovember 3, 2006
#4. To: All (#3)
Foreclosures up sharply nationwide
#5. To: TLBSHOW (#4)
Whatcha Lookin' At, Butthead
#6. To: Biff Tannen (#5)
The three-month uninterrupted fall of retail gas prices came to a halt this week, according to AAA Texas' Weekend Gas Watch.
#7. To: All (#6)
Falling house prices and rising petrol costs have left many middle-class Americans feeling vulnerable. Although the Dow Jones Industrial Average recently hit record territory, and the unemployment rate remains low, polls suggest there is a real fear that conditions are set to worsen, and many blame Bush.
#8. To: TLBSHOW (#6)
Whatcha Lookin' At, Butthead
#9. To: Biff Tannen (#8)
#10. To: Biff Tannen (#8)
http://www.cfo.com/printable/article.cfm/8135376/c_8158206?f=options
#11. To: Biff Tannen (#1)
high gas prices What the hell are you talking about?
#12. To: TLBSHOW (#11)
Whatcha Lookin' At, Butthead
#13. To: Biff Tannen (#12)
White House cuts economic growth forecast
#14. To: Biff Tannen (#12)
#15. To: All (#13)
White House cuts economic growth forecast
#16. To: TLBSHOW (#15)
#17. To: A K A Stone (#16)
#18. To: A K A Stone (#16)
#19. To: TLBSHOW (#17)
never said i was a prophet..
but i do have the gift to see the truth before the truth is known~!
Whatcha Lookin' At, Butthead
#20. To: Biff Tannen (#19)
http://today.reuters.com/news/articlenews.aspx?type=businessNews&storyid=2006-11-25T165458Z_01_MOL550612_RTRUKOC_0_US-RETAIL-HOLIDAY.xml&src=rss&rpc=23
#21. To: Biff Tannen (#19)
#22. To: Biff Tannen (#19)
its just the gift baby -------DAMN THOSE HIGH GAS PRICES
#23. To: Biff Tannen (#19)
an economy that already is in slowdown mode.
http://apnews.myway.com/article/20061128/D8LM9MHG0.html
#24. To: All (#0)
High Gas Prices ARE DESTROYING THE ECONOMY - BUT GOOD
#25. To: Biff Tannen (#19)
just the gift and truth is AMERICA IS COOKED!~ FOR TAKING GOD OUT OF AMERICA
#26. To: TLBSHOW, mertz (#25)
Whatcha Lookin' At, Butthead
#27. To: TLBSHOW (#24)
#28. To: Biff Tannen (#26)
#29. To: cwrwinger (#27)
(Edited)
Actually, $4.00 per gallon would not bother me too much because it will reduce traffic.
Whatcha Lookin' At, Butthead
#30. To: Biff Tannen (#29)
London, England: Over 6 bucks a gallon.
#31. To: cwrwinger (#30)
Whatcha Lookin' At, Butthead
#32. To: Biff Tannen (#31)
hi biffy - everything is just peachey,,,,but you have your head up your ass and can't see the truth - while i have the gift and God is going to destroy the US economy but f'ing good -
#33. To: All (#32)
Dollar slides as US business slows
#34. To: All (#33)
http://www.breitbart.com/news/2006/11/30/D8LNGCNG0.html
#35. To: All (#34)
New York Times 1 December 2006 Paul Krugman
Economic Storm Signals
#36. To: All (#9)
#9. To: Biff Tannen (#8)
#37. To: Biff Tannen (#36)
#38. To: TLBSHOW (#37)
#39. To: continental op (#38)
Boss-man cracking the whip
#40. To: TLBSHOW (#37)
Concerns about the banks were started by comments by former Federal Reserve chairman Alan Greenspan that a recession could occur in the US by the end of the year.
Whatcha Lookin' At, Butthead
#41. To: Biff Tannen (#40)
warning A recession
looms
over AMERICA
#42. To: Biff Tannen (#40)
#43. To: TLBSHOW (#42)
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