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To: Hawkmoon who wrote (62298)12/28/2000 7:39:15 PM
From: goldsnow  Read Replies (2) | Respond to of 116753
 
"We estimate that this shock will deliver a $20 billion blow to real income," while raising inflation by a half percent and cutting economic growth by a full percentage point in the months ahead, said Jan Hatzuis, economist with Goldman Sachs & Co. in New York.
Coming at a time when consumers already are financially stretched with a load of debt and spending growth is losing momentum, "the gas shock over the winter adds to the risks of a sharp economic slowdown," she said.

washtimes.com