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Strategies & Market Trends : Galapagos Islands

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To: Oral Roberts who wrote (52097)	5/13/2004 8:56:22 AM
From: MulhollandDrive	Read Replies (2) of 57110

are you referring fuel? no kidding... keep in mind that persistent high fuel prices are recessionary the consider these sanguine remarks by mcteer on the possibility of global recession stemming from high energy costs.. "Nine of the 10 U.S. recessions since World War II came on the heels of spikes in oil prices9 out of the last 10 recessions since WII came as a result of spikes in oil prices" ....but hey, this time it's different.<g> planetark.com McTeer Sees No Recession from Energy Woes -------------------------------------------------------------------------------- Mail this story to a friend \| Printer friendly version USA: May 12, 2004 NEW YORK - Dallas Federal Reserve Bank President Robert McTeer said in an opinion piece in the Wall Street Journal on Monday that that despite the spike in energy prices, the United States will not go into a recession as it has during previous jumps in energy costs. "Paying more for oil and natural gas can sap growth, but this time around the recovery appears robust enough to withstand the higher energy bills," he wrote. "Fortunately, more expensive energy will only muffle the recovery, not snuff it out," McTeer wrote. Nine of the 10 U.S. recessions since World War II came on the heels of spikes in oil prices, McTeer wrote in his Journal commentary.......

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