Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: Kenneth E. Phillipps who wrote (697235)	8/18/2005 10:00:10 AM
From: DizzyG	Respond to of 769667

Not a new record at all, Kenneth... Still, when adjusted for inflation, the most expensive U.S. pump price was $3.12 a gallon in March 1981. msnbc.msn.com Diz-

To: Kenneth E. Phillipps who wrote (697235)	8/18/2005 11:40:30 AM
From: Hope Praytochange	Respond to of 769667

it is safe and save to chase ambulance by feet. no arrest on DWI

To: Kenneth E. Phillipps who wrote (697235)	8/18/2005 12:09:42 PM
From: Hope Praytochange	Respond to of 769667

Economy Might Shift Down but Jobs Hum By REUTERS Filed at 11:48 a.m. ET NASHVILLE (Reuters) - The U.S. economy could be shifting down to slower growth toward the end of the year, dented by high energy prices, but the labor market is still cruising along, reports showed on Thursday. Leading economic indicators from the New York-based Conference Board rose by just 0.1 percent in July, short of Wall Street's forecast for a 0.2-percent gain and down from an upwardly revised 1.2-percent advance in June. ``The leading economic indicators suggest moderate growth into the fall,'' says Conference Board economist Ken Goldstein. The spike in energy prices is one negative factor and the level of business executive and consumer confidence is another worry, he said. ``Both investment and hiring intentions reflect a level of caution over both pricing and profit strategies,'' said Goldstein. Crude oil futures hit a record high $67.10 per barrel this week and while they have eased back, they remain above $63 per barrel, while gasoline prices in many U.S. cities have climbed above $3 per gallon. Consumers have so far taken the rising gas prices in stride, but some economists wonder whether the tipping point has been reached when gasoline prices begin to bite into consumer's disposable income to a more notable degree. Financial markets were unshaken by the day's reports, with Treasury note yields down slightly and the Dow Jones industrial average barely lower. Six of the ten items indexed by the leading economic indicators rose in July. Low weekly jobless claims provided the biggest positive contribution. Improvement in the labor market has continued into August. Even as the number of Americans applying for initial jobless aid crept higher for the week ended Aug. 13, claims stayed low enough to suggest payroll gains of some 150,000 to 200,000 jobs a month. First-time claims for unemployment benefits rose to 316,000 in the week ended Aug. 13 from a revised 310,000 the prior week, the Labor Department said. The seasonally adjusted rise in new claims topped Wall Street estimates for an increase to 310,500 from the original reading of 308,000 in the week ended Aug. 6. ``What we are seeing is a relatively low level of unemployment claims,'' said John Lonski, chief economist at Moody's Investors Services in New York. ``It signals the continued improvement in the labor market, which ought to offset the loss of purchasing power stemming from higher energy prices,'' he said. Claims were well below the 333,000 recorded for the same week a year ago. ``Firms are trying very hard to hold onto their existing workers. Other reports are suggesting firms are also hiring new workers. All that translates into a healthy demand for labor,'' said Patrick Fearon, senior economist at A.G. Edwards & Sons Inc. in St. Louis. Also on Thursday, the Chicago Fed's index of national activity slipped to +0.16 in July from +0.40 in June. The Chicago Fed said the three-month average of the index, at +0.23, shows growth is above trend but warned that the index also points to potential inflationary pressures over the next year.

To: Kenneth E. Phillipps who wrote (697235)	8/18/2005 12:13:40 PM
From: TideGlider	Respond to of 769667

The price of gas needs to go higher. That should bring manufaturing back closer the the cities.

To: Kenneth E. Phillipps who wrote (697235)	8/18/2005 8:17:45 PM
From: Hope Praytochange	Respond to of 769667

kennyoildigger:Goldman Sachs sees oil above $60 for five years By Kevin Morrison Published: August 18 2005 18:59 \| Last updated: August 18 2005 18:59 Goldman Sachs, one of the biggest financial traders in the commodities sector, expects US benchmark oil prices to remain above $60 a barrel for the rest of the decade. In a report issued on Thursday, the US bank says prices are not high enough to stimulate oil companies to invest more of their swelling cash reserves in new energy infrastructure.