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Gold/Mining/Energy : Canadian REITS, Trusts & Dividend Stocks
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To: bill who wrote (1780)11/7/2001 2:50:21 AM
From: trustmanic  Read Replies (1) of 11633
 
As we are heading a recession, we simply use less oil and gas. People don't have a job, they don't have to drive to work and travel. Factories needed less energy or needed no energy at all. It doesn't matter $9 or $10 a barrel of oil, it simply no demand. Just as it doesn't matter a 50 points or 75 points cut in prime rate, people simply can't afford to borrow to buy a house or a car. If this economy continue, sooner or later people have problem to put the food on the table.
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