All world indexes down for second day. DOW down 115

[Subdivisions]

And oil is going up. Second day running folks:

Look at all that red (July 27):
http://news.bbc.co.uk/2/hi/business/default.stm

http://finance.yahoo.com/

Oil: http://www.bloomberg.com/markets/commodities/energyprices.html

[tridim]

1. So is Bush "jawboning the Saudis" yet?

Or is he just boning the American consumer to help his oil friends get richer?

[muriel_volestrangler]

3. Err, no.

Also on the BBC page:

Oil price near record close in US

Oil prices have climbed to within a cent of a record close in New York, raising concerns about the effect of higher energy costs on inflation.

The surge is particularly worrying as the threat of interest rate increases are shaking global stock markets and fanning fears about a credit crunch.

In New York, crude closed at $77.02 a barrel, just below the $77.03 record set on 14 July 2006.

Analysts said that oil prices could keep rising next week.

http://news.bbc.co.uk/1/hi/business/6920159.stm

[ayeshahaqqiqa]

2. slip slidin' away

I think our paper economy is heading for the dumpster. Been waiting for this to happen. Suggestion--get rid of paper, get things with intrinsic value.

[americanstranger]

4. ...And the band played on....

nobody will pay attention until it's a full-on calamity. Denial is a powerful thing.

(To be just a tiny bit pedantic here - the plural of 'index' is 'indices.' It drives me nuts, because even the 'financial gurus' on the cable channels all say indexes,' too.)

- as