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To: Oldexpat

I like to be optimistic about the economy. However, I am not certain how much longer the economy can continue to absorb out-of-control energy costs and not see a resurgence of inflation. Also, not to even mention the "R" word, in the past 35 years, every time the economy tanked, there was a higher energy component involved.


13 posted on 06/27/2005 4:00:53 AM PDT by Conservative Infidel (How come they call it "Tourist Season" if we can't shoot them??)
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To: Conservative Infidel

However, I am not certain how much longer the economy can continue to absorb out-of-control energy costs and not see a resurgence of inflation.

Exactly, we could see a situation with inflation and a falling economy at the same time.


14 posted on 06/27/2005 4:15:02 AM PDT by freedomfiter2
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To: Conservative Infidel
I am not certain how much longer the economy can continue to absorb out-of-control energy costs and not see a resurgence of inflation.

If oil futures are any indication, current prices are near peak. http://www.nymex.com/jsp/markets/lsco_fut_csf.jsp

34 posted on 06/27/2005 2:11:45 PM PDT by fso301
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