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To: OrangeHoof
You won't see relief at the pumps for awhile but could this be a sign that the worst of the oil price crisis is over?

It's sign we're headed into a double dip recession.

We can expect oil prices and inflation to take off again when economic growth starts picking up again.

23 posted on 05/05/2011 9:33:15 AM PDT by RINOs suck
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To: RINOs suck
It's sign we're headed into a double dip recession.

Or it is a sign investors are herd animals mindlessly stampeding one way when news is good then mindlessly stampeding the other when news is bad.

The current slow down has more to do with the earthquake/tsunami in Japan then anything else.

The parts from Japan there were in the supply chain prior to the earthquake have been used up and the new parts supplies have been disrupted by the events in Japan after the earthquake.

The result has been a lot of big manufacturing firms in the USA, who get at least some parts from Japan, have slowed or temporarily stopped production until the kinks in the supply chain out of Japan finish working themselves out.

Because of this slow down, US unemployment figures have been worse then expected and so the Market is in stampede mode.

25 posted on 05/05/2011 9:41:53 AM PDT by MNJohnnie (Giving politicians more tax money is like giving addicts free drugs to cure their addiction)
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To: RINOs suck

We can expect oil prices and inflation to take off again when economic growth starts picking up again.

With the zero in office, we’ll be safe for the next two years.


100 posted on 05/05/2011 8:52:26 PM PDT by freedomfiter2 (Brutal acts of commission and yawning acts of omission both strengthen the hand of the devil.)
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