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To: MythMan who wrote (352240)1/2/2008 3:42:34 PM
From: Bid Buster  Read Replies (2) | Respond to of 436258
 
In theory yes, except for those companies that depend on cheap credit for capitol...and thats most.



To: MythMan who wrote (352240)1/2/2008 4:40:30 PM
From: Box-By-The-Riviera™  Read Replies (1) | Respond to of 436258
 
you've been saved by a guy who lives in only the second worst place behind new jersey

Message 24176048

exit 27 on the hempstead hwy to be precise. behind the rigatello diner, second dumpster to the left.



To: MythMan who wrote (352240)1/2/2008 7:24:37 PM
From: Giordano Bruno  Respond to of 436258
 
The cure for high prices is high prices.

"If oil stays at the price it's at, you could see gasoline prices at $3.60 or $4 a gallon, which is absolutely frightening," said Paul Ashworth, senior U.S. economist at Capital Economics, a London-based research firm. "It's going to have a fairly devastating impact."

Economic forecasting firm Global Insight says that, in the U.S., each additional $10 per barrel increase in oil prices raises gasoline prices by roughly 19 cents a gallon, cuts growth in consumer spending by a third of a percentage point, reduces employment by 100,000 and adds one-half percentage point to consumer price inflation.

online.wsj.com

Got Asian crash helmet?