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Gold/Mining/Energy : Canadian REITS, Trusts & Dividend Stocks
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To: Goldberry who wrote (8353)12/16/2004 11:03:43 AM
From: Tommaso  Read Replies (1) of 11633
 
>>>Oil prices are very high currently and IMO if they stay this high or go higher a major world economic recession is in the cards <<<

I just got a publication from the St. Louis Fed that inits opening paper tracks current gasoline price against average hourly income in the United States. It turns out that gasoline is still quite cheap by that comparison, leaving lots of room for continuing demand on oil supplies.

Will see if I can find a link:

research.stlouisfed.org
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