Breaking News: OPEC to drop prices 10%. Didn't we hear about this?

[spanone]

Oddly enough the timing will probably bring down the price of gas right around---you guessed it!~ Election time!!! Wow what a surprise!

[Connie_Corleone]

1. I'm sure it's just a coincidence.

/sarcasm

[hadrons]

2. don't you mean boost oil output by 10 percent

[Renew Deal]

4. Which is it?

[Zynx]

5. They will increase production by 10%.

However, they are already cheating their quotas at that level anyway. They don't have more than a million barrels of spare capacity and we don't have any more refining capacity.

[GiovanniC]

3. BREAKING NEWS: Gas drops from 2.01 a Gallon to 1.98 a Gallon

SOMEONE other than you will be pocketing 9.5% percent of the 10% reduction.

Developing...

[hatrack]

6. Yes, and with the US more dependent than ever before on imports . . .

. . . thank you, OPEC, from further delaying the need to change the way we waste energy - at least until 2005 or 2006.

[cosmicdot]

7. the tax cuts must be working, right Mr. GreenSPAM ???

even his 2 cents yesterday seems .... coincidentally well-timed ... and, look-see: Weekly Jobless Claims Dip by 11,000

was he under oath?
would he like fries with that off-shoring???

So, Secretary of the Treasury Snow said that terrorism was harming economy ... has that been lifted, Mr. Snow?

I say they're lying.



Greenspan: Bush Tax Cuts Helped Economy

Federal Reserve Board Chairman Alan Greenspan delivers his semiannual monetary policy report during an appearance before the Senate Banking Committee on Capitol Hill Tuesday, July 20, 2004.


July 21, 2004 04:43 PM EDT


WASHINGTON - Federal Reserve Chairman Alan Greenspan said Wednesday that Congress has lost the ability to manage crucial long-term budget issues and new mechanisms are needed to keep future costs from ballooning beyond the nation's ability to pay.

Greenspan defended President Bush's three rounds of tax cuts, saying they had helped ensure that the 2001 recession was mild and brief and have provided critical stimulus to keep the current rebound on track.

http://start.earthlink.net/newsarticle?cat=1&aid=721044548_5304_lead_story


Greenspan positive on US economy



Alan Greenspan is positive about US economic prospects

Alan Greenspan, the Federal Reserve Chairman, has given a positive report on the US economy, playing down the threat of rising inflation.

Appearing before the Senate's Banking Committee, he said economic trends this year had been "quite favourable".

~snip~

http://news.bbc.co.uk/2/hi/business/3912005.stm

Weekly Jobless Claims Dip by 11,000

July 22, 2004 08:09 AM EDT


WASHINGTON - The number of Americans filing new claims for unemployment benefits fell slightly last week in another indication that the labor market is still showing signs of improvement.

The Labor Department reported that 339,000 newly laid-off workers showed up at state unemployment offices for the week ending July 17, down by 11,000 from the previous week.

Weekly benefit claims have been on a roller coaster in recent weeks, falling by 40,000 the week of July 3 to 309,000, the lowest level in nearly four years. However, that improvement was followed by a jump of 41,000 claims in the next week.

http://start.earthlink.net/newsarticle?cat=1&aid=D83VROTO1_story

Despite that these have been headlines since June 2004

the schizo economy

Job Growth Slows in June
Snow Says Terror Threat Hangs Over the U.S. Economy
Trade Deficit Slows Down Economic Growth
MCI to cut 2000 sales jobs
consumer spending rises 1 percent in May
Stocks End Lower
Jobless Claims Up, Recovery Mode Remains
Poor Jobs Report Sends Stocks Lower
Factories Orders Fall for 2nd Month in Row
3 Major Indexes Lose Ground for Week
"If You're Unemployed, You're Stuck"
Wal-Mart reports lackluster sales; Slumping Retail Sales
Cool Weather Hurts June Retail Sales
Pay Raises Still Lower Despite Economy
Fed Study: House-Price Growth to Be Slow
Stocks to Head Downward on Intel News
Investor Uncertainty Leaves Stocks Mixed
Retail Sales See Biggest Drop in 16 Months
Wholesale Prices, Industry Production Down
Consumer Prices Rise Modestly in June
Wall Street Has 3rd Straight Losing Week
Consumer Confidence Mostly Steady