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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: ild who wrote (49035)	3/31/2006 4:23:10 PM
From: CalculatedRisk	Read Replies (2) \| Respond to of 116555

Experts See Danger in Rising Oil Prices biz.yahoo.com "Relatively low interest rates, which have made it easy to borrow money while helping to prop up the stock and housing markets, have reduced the impact of high oil prices on the economy." My Comment: It seems consumers reacted to the higher oil / gasoline prices last year by either dipping into savings or borrowing to maintain their lifestyle. Savings have been negative every month since last May. With rising rates (more expensive to borrow) and rising oil prices, I think the impact will be greater this year (the opposite of what some "experts" think).