"The skyrocketing oil prices are sucking the wind out of the economy,'' said
Joel Naroff, chief economist at Naroff Economic Advisors. "And the worst is yet
to come.''
Jan 2001 NOW
Dow
10,587.60 9,886.93
NASDAQ
2,770.38 1,932.97
Euro
$.94 $1.26
Oil
$25.70 $54.41
Unemployment
3.8% 5.4%
Surplus Deficit
+$119b -$422b
Trade deficit, per month
$33.5b $54b
Consumer Debt Outstanding
$1561.7b $2027.1b
Bankruptcy Filings, Quarter Ending...
Dec. 31, 2000 Jun. 30, 2004
310,000 421,110
Business Fixed Investment
Q1-2001 Q2-2004
$1,234.4b $1,207.9b
Goods Exports
Q1-2001 Q2-2004
$787.8b $778.4b
--
"There's an old saying in Tennessee -- I know it's in Texas -- that says, fool
me once, shame on you. Fool me -- you can't get fooled again."
http://www.diymedia.net/audio/mp3/tdntb-bushwack2.mp3
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