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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Think4Yourself who wrote (170185)	12/9/2008 7:33:02 PM
From: The Reaper	Read Replies (1) \| Respond to of 306849

Finally, the first real numbers from Black Friday. This has to do with consumer technology sales. -8.4%. First decline ever. npd.com

To: Think4Yourself who wrote (170185)	12/9/2008 7:42:22 PM
From: DebtBomb	Respond to of 306849

We are deflating like a SOB....and that's great for us. What's bad for wall street is good for main street. I hope like hell they don't hyper-inflate to help wall street. With the dollar skyrocketing people have just gotten about a 22% raise since July....and it shows up at the gas pump and elsewhere.

To: Think4Yourself who wrote (170185)	12/9/2008 8:22:09 PM
From: DebtBomb	Read Replies (1) \| Respond to of 306849

PhillyDeals: PhillyDeal: Oil industry predicts $1 gasoline soon By Joseph N. DiStefano Oil prices, already down hugely from last summer's $150-a-barrel high, might drop all the way to $20, then reach a "long-term equilibrium" around $35, hedge-fund manager Jacques Mechelany, of Bank of China (Suisse), told Reuters yesterday. > Mechelany sees this happening "as falling U.S. demand outstrips Chinese growth." > That would keep gasoline in the $1-and-change range, way down from last summer's $4. Good for consumers and business users, and frustrating for solar and alternative-power investors. > Why is oil so volatile? Mechelany (who predicted this fall's petro price slide) blames speculators: "The commodities bubble that burst earlier this year has been driven by a few [investment] houses. . . ." > Gulf Oil Co. CEO Joe Petrowski made similar price predictions to local business folks last week in Massachusetts. According to the Quincy Patriot-Ledger, Petrowski said, "The price of oil could sink to $20 per barrel, and there is a chance gasoline prices could drop as low as $1 per gallon by early next year." philly.com