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Wracked by Problems, the U.S. Economy Keeps Digging Its Way Out

William Patalon (September 22nd, 2008) Writes:
Money Morning/The Money Map Report Where to start?  Market volatility is sure to continue for the indefinite future as investors, economists, analysts and politicos debate the merits of the federal government’s ongoing move – and try to make heads or tails out of the new financial landscape. Mega-financials that offer everything (deposits, lending, brokerage services, deal underwriting, wealth management, mergers & acquisitions deals) appear to be the wave of the future (is beleaguered Citigroup Inc. (C) suddenly ahead of its time?). Comparisons to past crises are emerging: The Great Depression, the savings & loan crisis, the junk bond collapse, Japan’s stock-and-real-estate implosion, and even Tulip Mania). Many investors have thrown in the towel (capitulation) and unloaded any and all financials (not to mention autos, airlines, and even technology stocks…anyone catch the 25,000 jobs lost at Hewlett-Packard Co. (HPQ) or ...
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With OPEC Meeting Looming, and Emerging Markets Growing, Oil Prices May Only be Temporary

William Patalon (September 8th, 2008) Writes:
Analysts are trumpeting the recent drop in oil prices as a step toward normalcy. But is this celebration premature? Or perhaps even misplaced? After all, we all know that over the long haul, energy prices are headed in only one direction - higher. Crude oil plunged 8% to close at $106.23 a barrel last week - reaching its lowest level in five months - as the U.S. dollar strengthened to its highest point against the European euro so far this year. Crude oil prices actually declined for six straight days - the longest stretch since they did so from April 30, 2007 to May 7, 2007. U.S. fuel demand dropped 3.5% during the past four weeks. And unemployment spiked much more than economists had predicted. Even so, oil prices are still 41% higher than they were a year ago. "Demand destruction and the strength of ...
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