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

To: $Mogul who wrote (79130)	5/17/2008 1:51:44 AM
From: westpacific	Read Replies (5) \| Respond to of 116555

Europe pump prices exploding upward.......diesel prices up over 65% in a year! Diesel is now more expensive then unleaded at the pump, and most of Europe drives diesel powered cars! We are talking 1.43 Euro to a liter, 3.78 liters in a gallon, Euro at 1.54 to the dollar - you do the math! Fishermens blocking ports, demanding government cut the fuel taxes! Next will be trucking transport blocking roads, farmers not willing to farm......... They are right, why is government not cutting fuel taxes as they reap ever greater taxes off these price spikes. Can you say, it is going to get very ugly very soon..... Banking indexes have not budged, bullish, based on WHAT! June 6th is what I have for top date, then market tanks for entire rest of year! West