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United States News
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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: 19783
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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#17. To: A K A Stone (#16)

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

TLBSHOW  posted on  2006-11-21   22:53:54 ET  Reply   Trace   Private Reply  


#18. To: A K A Stone (#16)

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

TLBSHOW  posted on  2006-11-21   22:56:10 ET  Reply   Trace   Private Reply  


#19. To: TLBSHOW (#17)

never said i was a prophet..

Clintonian word parsing.

but i do have the gift to see the truth before the truth is known~!

No. It has been demonstrated that you don't. Now you are just lying in addition to being a false prophet ... and probably blasphemy.


Whatcha Lookin' At, Butthead

Biff Tannen  posted on  2006-11-22   12:34:12 ET  Reply   Trace   Private Reply  


#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

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

TLBSHOW  posted on  2006-11-25   18:27:03 ET  Reply   Trace   Private Reply  


#21. To: Biff Tannen (#19)

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

TLBSHOW  posted on  2006-11-25   18:35:37 ET  Reply   Trace   Private Reply  


#22. To: Biff Tannen (#19)

its just the gift baby -------DAMN THOSE HIGH GAS PRICES

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

TLBSHOW  posted on  2006-11-27   20:26:52 ET  Reply   Trace   Private Reply  


#23. To: Biff Tannen (#19)

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

an economy that already is in slowdown mode.

http://apnews.myway.com/article/20061128/D8LM9MHG0.html

Now I have told you before it happens so that, when it happens, you may believe

TLBSHOW  posted on  2006-11-28   16:24:14 ET  Reply   Trace   Private Reply  


#24. To: All (#0)

High Gas Prices ARE DESTROYING THE ECONOMY - BUT GOOD

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

TLBSHOW  posted on  2006-11-28   16:29:10 ET  Reply   Trace   Private Reply  


#25. To: Biff Tannen (#19)

just the gift and truth is AMERICA IS COOKED!~ FOR TAKING GOD OUT OF AMERICA

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

TLBSHOW  posted on  2006-11-28   21:18:21 ET  Reply   Trace   Private Reply  


#26. To: TLBSHOW, mertz (#25)

You're such a dick.

Mertz, do something here.


Whatcha Lookin' At, Butthead

Biff Tannen  posted on  2006-11-29   1:59:38 ET  Reply   Trace   Private Reply  


#27. To: TLBSHOW (#24)

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

cwrwinger  posted on  2006-11-29   8:52:37 ET  Reply   Trace   Private Reply  


#28. To: Biff Tannen (#26)

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

TLBSHOW  posted on  2006-11-29   12:53:23 ET  Reply   Trace   Private Reply  


#29. To: cwrwinger (#27) (Edited)

Actually, $4.00 per gallon would not bother me too much because it will reduce traffic.

London, England: Over 6 bucks a gallon.


Whatcha Lookin' At, Butthead

Biff Tannen  posted on  2006-11-29   12:54:49 ET  (1 image) Reply   Trace   Private Reply  


#30. To: Biff Tannen (#29)

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

cwrwinger  posted on  2006-11-29   13:00:34 ET  Reply   Trace   Private Reply  


#31. To: cwrwinger (#30)

Funny.


Whatcha Lookin' At, Butthead

Biff Tannen  posted on  2006-11-29   15:16:26 ET  Reply   Trace   Private Reply  


#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 -

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

TLBSHOW  posted on  2006-11-30   22:38:31 ET  Reply   Trace   Private Reply  


#33. To: All (#32)

Dollar slides as US business slows

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

TLBSHOW  posted on  2006-11-30   22:47:07 ET  Reply   Trace   Private Reply  


#34. To: All (#33)

http://www.breitbart.com/news/2006/11/30/D8LNGCNG0.html

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

TLBSHOW  posted on  2006-11-30   23:00:12 ET  Reply   Trace   Private Reply  


#35. To: All (#34)

New York Times 1 December 2006 Paul Krugman

Economic Storm Signals

"...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

TLBSHOW  posted on  2006-12-01   10:06:41 ET  Reply   Trace   Private Reply  


#36. To: All (#9)

#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

TLBSHOW  posted on  2007-02-27   13:41:33 ET  Reply   Trace   Private Reply  


#37. To: Biff Tannen (#36)

#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

TLBSHOW  posted on  2007-02-27   13:42:06 ET  Reply   Trace   Private Reply  


#38. To: TLBSHOW (#37)

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.

continental op  posted on  2007-02-27   14:55:31 ET  Reply   Trace   Private Reply  


#39. To: continental op (#38)

Boss-man cracking the whip

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

cwrwinger  posted on  2007-02-27   16:24:57 ET  Reply   Trace   Private Reply  


#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.

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.


Whatcha Lookin' At, Butthead

Biff Tannen  posted on  2007-02-27   19:39:24 ET  Reply   Trace   Private Reply  


#41. To: Biff Tannen (#40)

warning A recession

looms

over AMERICA

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

TLBSHOW  posted on  2007-02-27   20:23:15 ET  Reply   Trace   Private Reply  


#42. To: Biff Tannen (#40)

Now I have told you before it happens so that, when it happens, you may believe

TLBSHOW  posted on  2007-02-27   20:25:39 ET  (1 image) Reply   Trace   Private Reply  


#43. To: TLBSHOW (#42)

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

cwrwinger  posted on  2007-02-27   20:44:17 ET  Reply   Trace   Private Reply  


#44. To: cwrwinger (#43)

What is the meaning of posting that photo?

GAS PRICES IN AMERICA IS THE ROOT CAUSE OF THE RECESSION WE ARE IN.....

Now I have told you before it happens so that, when it happens, you may believe

TLBSHOW  posted on  2007-11-13   10:14:14 ET  Reply   Trace   Private Reply  


#45. To: TLBSHOW (#44)

"GAS PRICES IN AMERICA IS THE ROOT CAUSE OF THE RECESSION WE ARE IN....."

Sorry to disappoint, but America ain't in a Recession...MUD

"Devolve Power Outta the Federal Leviathan and Back to the States,
Localities, and Individuals as Prescribed in the US Constitution."

Mudboy Slim  posted on  2007-11-13   10:37:40 ET  Reply   Trace   Private Reply  


#46. To: TLBSHOW (#23)

"...an economy that already is in slowdown mode."

Nonsense then, nonsense now...MUD

"Devolve Power Outta the Federal Leviathan and Back to the States,
Localities, and Individuals as Prescribed in the US Constitution."

Mudboy Slim  posted on  2007-11-13   10:40:04 ET  Reply   Trace   Private Reply  


#47. To: Biff Tannen (#21)

To: Biff Tannen (#19) 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,,,

Now I have told you before it happens so that, when it happens, you may believe

TLBSHOW  posted on  2008-10-07   20:35:27 ET  Reply   Trace   Private Reply  


#48. To: TLBSHOW (#47)

You sure spread your posts out these days. Nice to see you again.

A K A Stone  posted on  2008-10-07   20:47:48 ET  Reply   Trace   Private Reply  


#49. To: A K A Stone (#48)

Good to see you again AkA stone,,

Soon the nation will be slaved BUT GOOD- OBAMA IS A POS TRASH COMMIE RAT

Now I have told you before it happens so that, when it happens, you may believe

TLBSHOW  posted on  2008-10-22   22:07:43 ET  Reply   Trace   Private Reply  


#50. To: TLBSHOW (#49)

False Prophet or not the activity on this thread BY SEVERAL DIFFERENT POSTERS shows that we need TLBSHOW as a regular poster to keep these sites alive.

Patriot City, home of Coral Snake's Bites of the Week

Coral Snake  posted on  2008-10-23   17:54:31 ET  Reply   Trace   Private Reply  


#51. To: Coral Snake (#50)

Todler is a sociakist Carl Snark. He got social with Fed Mertz and socialized his money from him. Now Fred can kiss his money goodbye.

You like hangin around with them there sociakist yer ass types?

Ferret Mike  posted on  2008-10-23   21:18:35 ET  Reply   Trace   Private Reply  


#52. To: TLBSHOW (#49)

You are so passe Toddler. Surprised to see yer ugly face again.

Ferret Mike  posted on  2008-10-23   21:20:19 ET  Reply   Trace   Private Reply  


#53. To: Coral Snake (#50)

Ferret Mike  posted on  2008-10-23   22:56:17 ET  (1 image) Reply   Trace   Private Reply  


#54. To: Ferret Mike (#51)

He got social with Fed Mertz and socialized his money from him. Now Fred can kiss his money goodbye.

I'm in a recession because of the Toddler, BUT GOOD.

Fred Mertz  posted on  2008-10-26   20:23:11 ET  Reply   Trace   Private Reply  


#55. To: Fred Mertz (#54)

Hey, Fred, I saw the post where you offered to send him 2 G's. lol, he said you could count on him. LMAO!! It's on that fucktard site FreedomForum, or whatever it's called. Sorry I didn't save the link!

Good times, good times.


Whatcha Lookin' At, Butthead

Biff Tannen  posted on  2008-11-01   15:01:51 ET  Reply   Trace   Private Reply  


#56. To: All, Biff Tannen (#9)

To: Biff Tannen I just give truth before it becomes truth -

warning A recession looms over AMERICA

.....................

U.S. recession began in December 2007, NBER says

By Rex Nutting Last update: 12:15 p.m. EST Dec. 1, 2008Comments: 709 WASHINGTON (MarketWatch) -- The U.S. economy entered a recession in December 2007, a committee of economists at the private National Bureau of Economic Research said Monday. The economy reached a peak in December and has been declining since, according to the business cycle dating committee of the NBER. The committee does not judge a recession as two consecutive quarterly declines in gross domestic product; rather, it looks at four key monthly economic indicators, including employment, industrial output and sales. Employment peaked in December.

Now I have told you before it happens so that, when it happens, you may believe

TLBSHOW  posted on  2008-12-01   15:46:17 ET  Reply   Trace   Private Reply  


#57. To: TLBSHOW (#56)

Pay Fred, you bitch!


Whatcha Lookin' At, Butthead

Biff Tannen  posted on  2008-12-03   22:14:09 ET  Reply   Trace   Private Reply  



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