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Thread: Economy

  1. #1
    lugnut's Avatar
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    Economy

    Well, Wall street hit the high mark today.The DOW high mark was reached due to significant lower fuel prices.Consumer confidance is "steady" (auto & housing starts are still hurting).Investments are up & 401 Ks are benifiting.The Nasdaq hasn't really recoverd since 9-11.

    Now lets say that some international "misadventure" causes fuel cost to $85 a barrel ...overnight.Market speculation drives gas prices to all time high.Consumer confidance plumetts.Wall street reacts adversly & investments/401 Ks becomes a loss.Kinda like Enron on a national scale.Of coarse,other nations economy will act/overeact.
    I guess my point is ..The DOW is being driven by an uncertain commodity so if you have 401 K ,take another look @ it & make some prudent changes

    ps Man ..I hope I'm wrong about this $hit


  2. #2
    Hydrotoys's Avatar
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    I believe.

    We just got told yesterday that we have to work MANDATORY OT through the rest of the year. This is one month after hearing about 10,000 layoffs company wide. Hmmmmmmmmmm, where is the connection?

    I'm certainly not complaining... this means I pay for my new toy faster.

  3. #3
    qbzonk's Avatar
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    isn't OPEC thinking of reducing the amount of barrels per day in order to stop the falling price per barrel before it gets below $55/barrel? So how long will lower gas prices really be around for?

    Since when is $2.15/gallon cheap gas (US)?

  4. #4
    SeaLion's Avatar
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    Where do you get $2.15 ? My cheapest is $2.56 . I remember $1.25 just a ouple of years ago. The $2.00 mark was high. We got used to it and then the $3.00 mark was high and now that it's below $3.00 people feel it's ok. I think $1.50 would be fair.

  5. #5
    I hate to date myself but I remember when they recalabrated the pumps to handle 3 digits (over $1.00) and all were up in arms. It's funny how we adapt to fit the mold.

  6. #6
    qbzonk's Avatar
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    Quote Originally Posted by SeaLion View Post
    Where do you get $2.15 ? My cheapest is $2.56 . I remember $1.25 just a ouple of years ago. The $2.00 mark was high. We got used to it and then the $3.00 mark was high and now that it's below $3.00 people feel it's ok. I think $1.50 would be fair.
    I agree about what price would be fair, but $2.15 is the current price per gallon for 87 octane here in Central Florida. I filled up yesterday.

    It's cheaper in other cities closer to refineries (ex: panhandle and texas area).

  7. #7
    I'm kind of a big deal SeanCucf's Avatar
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    $1.99 here in Oldsmar this past weekend...$2.03 today...

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