Subject: RE:Good Morning..... by runner140 on 2008/2/19 16:45:59
Quote:
I thought that at one time I read that extraction of crude in the US becomes profitable at a certain price point per barrel. Are we not passed that price point? Come on boys, lets fire up those rigs. Refineries, let's freshen up and expand your production potential.
Just a note from a realtor I know locally. She has sold 9 homes in the last two weeks. That's showing signs for improvement, at least for her. I have a friend in Boston closing on two condos they're buying in Hyannis Mass today. Turn baby turn. Everybody, go buy something. Let's not ditch the economy. I'm going out to buy a new printer.
We are only in a recession when people stop spending. Enough people saying we are in a recession, we stop spending and sure enough, we are in a recession.
Looking at retail sales last week (up) and Walmarts earnings today (up), we may have missed the (recession). Or it is passed.
