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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: 23030
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
http://www.sunherald.com/mld/sunherald/business/15898450.htm
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
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
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.
#57. To: TLBSHOW (#56)
Pay Fred, you bitch!
Top • Page Up • Full Thread • Page Down • Bottom/LatestNovember 3, 2006
#4. To: All (#3)
Foreclosures up sharply nationwide
#5. To: TLBSHOW (#4)
#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.
#8. To: TLBSHOW (#6)
#9. To: Biff Tannen (#8)
#56. To: All, Biff Tannen (#9)
To: Biff Tannen I just give truth before it becomes truth -
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