$90 oil won't kill the bull

Discussion in 'Economics' started by crgarcia, Oct 29, 2007.

  1. High oil prices, a lowered dollar fueling inflation, a credit squeeze on corporations, lack of foreign investment, along with many consumers crunched from the housing crisis - see my other thread - could do it. I think it has to be more than one factor though: just higher oil prices won't do it alone. The US economy is like stopping an aircraft carrier - it takes a lot to break the momentum...
  2. $90 oil is just a number

    oil could easily double in the next year and it woudn't be a big problem

    There is going to be a ton of media hype when oil passes 100 but it will have no impact on stocks.
  3. Your nuts if it doubled it would be a major problem. You’re talking 7 bucks a gallon. I think it would crush the economy. They would torch the white house at that point. All your food would go up 25% at least. The wages of US poor and middle class are not growing. Around the world it would be alot worse.
  4. Bowgett


    In UK gas costs $5.64/Gallon and guess what they are just fine.

  5. S2007S


  6. just21


  7. The UK is a small country. Cars and Trucks dont have to travel far.
  8. nampooya


    England has rail,bus systems that take care of poor.We have wide open spaces,two/three cars per .We also go to starbucks alone in our trailer sized rigs.
    #10     Oct 29, 2007