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.

Strategies & Market Trends : The Financial Collapse of 2001 Unwinding -- Ignore unavailable to you. Want to Upgrade?

To: GPS Info who wrote (890)	7/2/2018 1:26:52 AM
From: elmatador	Respond to of 13815

Why DJT quickly asked Saudi Arabia to cut oil prices. "...the rising oil price. Consumer budgets are so stretched that a few cents more per gallon at the pump translates into reduced spending on other items" The best place to look for trouble is where no-one expects it. The US consumer is the biggest source of demand in the world economy, and real personal spending came in unchanged in May, against a consensus forecast for a 0.2% monthly gain (equivalent to a 2.4% annual rate of increase). There’s a simple explanation for the disappointing consumer report, and that is the rising oil price. Consumer budgets are so stretched that a few cents more per gallon at the pump translates into reduced spending on other items