[be131]

You can see what the Ecomomist Intelligence Unit (EIU) is really saying at this website. I don't see anything about a world recession.

[aSkeptic]

I am looking into my crystal ball.. looking.. WAIT a sec Wait a sec... The future is bright, I see oil, lots of oil..

I just proved them wrong.

[nutmeg]

Bump for later

[alphadog]

World recession?...XINHUE must of mistook me for someone who gives a shit.

[Imal]

I particularly like this part: "...and thereby, pushing the oil price to, say, 70 US dollars a barrel or more...". Yeah, that's a good technical analysis if ever there was one. A random character generator could do better.

This article has as much credibility as everything else Xinhua prints.

Imal

[foolscap]

Wow, this is like deja vu all over again. They said the same thing last time we attacked Iraq. I'm sure he is right. We should all sit here on our butts and wait to be nuked. That would be much better for the world economy.

[chilepepper]

I stopped subscribing to the Economist when I realized that they were enthusiastic Clinton fans.

They've lost any credibility they once may have had, at least from me...

[Rodney King]

OPEC could not possibly push the price of oil to $70per barrel. Despite all of the gloom and doom, cartels really don't work very well, the incentive for each individual cartel member to cheat is too great. Plus, at like $35 per barrel a whole lot of currently un-economic wells in the US and elsewhere would suddenly become economic, and their production would come on line.

[DreamWeaver]

IMO, knowing that my fellow Americans are used to luxury and material things, anyone traveling abroad can see the difference compared to many " other countries." Believe it or not, "they" will give up luxuries and material things just on principle. Keep in mind also, many other countries have lived without, and are used to it. I guarantee you that the ones that are mocking the forecasts will be the 1st ones to be outraged and complaining as they wait in gas lines for gas at exhorbantant prices.. Guaranteed !

[Servant of the Nine]

EIU predicted that the world would suffer a massive recession if Iraq were attacked and Middle East oil producers protested by pushing up the oil price.

If, If, If.

If parakeets were Eagles, housecats would be in a lot of trouble.

Last week at the OPEC Oil Ministers meeting, Kuwait and Iran anounced that they woul see that suplies and prices reamained constant during any US war with Iraq.

So9

[He Rides A White Horse]

Robin Bew, the chief economist of the EIU, told Xinhua

Xinhua, the official mouthpiece of the Chinese Communists.

[Enduring Freedom]

BULL$HIT!

Waiting for War in Iraq is what is depressing the market because of its uncertainty - remove the uncertainty, with the added benefit of blowing away terrorist Saddam, would be a major upside for the markets.

Eurotrash Liberal One-World A$$holes run the Economist, or did you forget?

[M Kehoe]

Well, I'm an economist and I don't think this will happen. Matter of fact, just the opposit of what this guy concluded.

Aren't second opinions wonderful?

5.56mm