[Doly]

$this->bbcode_second_pass_quote('', '
')Second, that the most important route through which oil prices affect output is monetary policy: when oil prices pass through to core inflation, monetary authorities raise interest rates, slowing growth. It is argued that the direct effect of high oil prices on output is relatively small and that the microeconomic mechanisms proposed in the literature are insufficient to explain the historical impact of oil prices. Based on the second argument, the third argument is that high oil prices have not reduced growth in the past three years because they no longer pass through to core inflation, so the monetary tightening previously seen in response to high oil prices is absent.

[ThunderChunky]

$this->bbcode_second_pass_quote('roccman', '
')
Join date Sept 17, 2007

No response earned.

[Sys1]

I've the feeling that the world economy is about to collapse. I really hope I'm wrong but french radios where they used to speak IPods, Beijing 2008 and soccer start to speak about 1929. About -5% for the CAC40 (France) today, that's a huge drop.
After a super doomer comment from an economist, the stupid journalist tryed to balance the bad news by pointing how oil went down to less than 100$, which is great. How stupids and clueless people are. Yesterday, everything was about Benoit XVI who visited France. It was so strange to see politics so thankfull to see him coming. Seems they didn't have better to do than praying.

[nocar]

Well, I believe that 1929 is quite survivable. When things get like in 1939-1945 in Europe, that's when I will get scared.

noca

[Revi]

The economy around here is tanking too. I wonder how long it will all hold up?

We can only live one day at a time.

We'll see what happens.

[doodlebug2]

I am certainly no economist, but the trouble with the investment banks and other financial inst. have me wondering. Lehman was around 100plus yrs and it collapses? I am glad that it wasn't bailed out , I don't think we (taxpayers) can bail everybody out. IMO. Wondering what other bombs to our system of finance are looming????

[The_Virginian]

About to "collapse"? It already did IMHO.

Fed can no longer bail us out... the purse strings been tightened.

[TreebeardsUncle]

The following 8 companies are likely to experience significant difficulties within the next 2 years:
GM, Ford, Chrysler, Washington Mutual, Citibank, AIG, Beazer, Homes and UBS.

Will check on the names of some more mortgage insurers. There are a couple more besides AIG that may be bought out or go bankrupt. It will take a bit more for the DOW to fall below 11,000. Still think some natural gas suppliers may be a good buy this month and oil drillers next month.

g

[DirtyHowi]

1633 EST dow @ 10917.51 down 504 or 4%, and it's only monday.
looking forward to how high does a dead banker bounce

[joeltrout]

$this->bbcode_second_pass_quote('TreebeardsUncle', 'I')t will take a bit more for the DOW to fall below 11,000.

[Ferretlover]

The fan is going to take a LOT more hits before "all is said and done," so don't get too excited about it now. The time to worry is when you can't even SEE the fan because it is buried in crap, and the plug is throwing off sparks-n-smoke.

[Jotapay]

Until I have to top off all my 30-round magazines, put them inside my tactical vest pockets, and keep my rifle within arms reach, I'll not think the poo has hit the fan yet. This is pretty bad, but it can (and probably will) get much worse.

[killJOY]

I queried my writing students this morning: did they know what was going on in the economy and why it's significant?

Blank stares.

One guy said: "I don't know. I've been dealing with football all weekend."


d00m.

[Daculling]

$this->bbcode_second_pass_quote('TreebeardsUncle', 'T')he following 8 companies are likely to experience significant difficulties within the next 2 years:
GM, Ford, Chrysler, Washington Mutual, Citibank, AIG, Beazer, Homes and UBS.

[patience]

KillJOY,

I with ya! My customers today, reacting to gas prices going up (after Indiana's first HUURICANE yesterday), are saying, "If they'd just let 'em drill, we got all the oil we need in this country!" "Don't need no damn Demmycrat fer prezdent!" No mention of Wall Street. I don't think many of them know where it is.

AAAARRGG!!!

[Ferretlover]

$this->bbcode_second_pass_quote('TreebeardsUncle', ' ')It will take a bit more for the DOW to fall below [s]11,000[/s] 10,917.51.

[burtonridr]

$this->bbcode_second_pass_quote('killJOY', 'I') queried my writing students this morning: did they know what was going on in the economy and why it's significant?
Blank stares.
One guy said: "I don't know. I've been dealing with football all weekend."

[Daculling]

$this->bbcode_second_pass_quote('burtonridr', 'P')lease tell me he was in highschool or something and the class isnt a college class.

[killJOY]

$this->bbcode_second_pass_quote('', 'W')hat did you tell them after that?

[hermit]

I'd like some help understanding the way in which PO has impacted the current economic collapse. To most, the collapse has come from our own financial and lending practices, but I'm sure that there is a PO aspect.... Can someone help me connect the dots?