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PaceAdvantage
10-03-2008, 05:22 AM
The price of a barrel of oil is now down 2.3% year-to-date.

hcap
10-03-2008, 06:05 AM
Another wacky fact.
Wacky sure is fun.
Gee look at Jan 01. Sort of like a Michael Jackson moonwalk.

DanG
10-03-2008, 07:17 AM
This subject aside; some of my favorite price point / corporate math are based on selective date selections and projections.

My brief stint in telecommunications always fascinated me when monthly sales numbers were discussed. We could rise 50% over last years time period and be called on the carpet because it didn’t meet “corporate projections”.

I understand from the markets perspective the role of the projection process, but to say…Wall Mart (pick a period / and these are made up #’s ) is “down” 2% when their real time profit is actually “up” 5% always seems to throw unnecessary fear toward Mr. & Mrs. front porch in terms of the economy.

What is our economy really based in…it boils down to word in my opinion…’confidence.

Crude seems to be a classic example; 2% degrease over one period…or a 400+% rise since 2002…All depends how many pacelines your programmer has chosen to go back.

Tom
10-03-2008, 07:34 AM
Thanks for the chart, hcap. The price remained below the peak of the Clinton years until late in 2006. It then rose steadily throughout 07 and dropped steadily throughout 08. Interesting, the climb coincides with the takeover of the congress by dems. Took a year for repubs to get things back in control.
Great info....thanks again. :ThmbUp::ThmbUp::ThmbUp:

pandy
10-03-2008, 08:01 AM
The price of a barrel of oil is now down 2.3% year-to-date.

Given this fact, it seems like gas should be down below $3.00, but is around $3.40 here in PA.

HUSKER55
10-03-2008, 08:14 AM
Futures and stocks always got lost with me. however, does any of your charts show how long after a drop before gas prices drop? Or is there any relatioonship?

thanks

husker55

:)

sammy the sage
10-03-2008, 08:47 AM
Economy loses more-than-expected 159,000 jobs in September.

There you go...P.A....now it's becoming more politically ""correct'" to post some #'s closer to REALTY!

ie...as stated previously...when company's cut salary's/hrs. by 20% or more...yet haven't quite pulled the trigger on firing's...

it's the same difference as firing 20 people of 100 OUTRIGHT...

been going on for month's...but un-employment is ONLY 6%...yeah right...yet another way RECESSION figure's have BEEN HIDDEN the last year!

and that's a wacky FACT!

ps...they'll be firing those 20 people +++more job/hour cuts here directly... :( :mad:

ezrabrooks
10-03-2008, 09:10 AM
Futures and stocks always got lost with me. however, does any of your charts show how long after a drop before gas prices drop? Or is there any relatioonship?

thanks

husker55

:)

"any relationship"?..... ya-betcha

barn32
10-03-2008, 10:05 AM
The price of a barrel of oil is now down 2.3% year-to-date.It's an election year, what did you expect?

boxcar
10-03-2008, 11:49 AM
It's an election year, what did you expect?

It might be a pretty good idea, then, to have elections every year!

Boxcar

ceejay
10-03-2008, 12:07 PM
You know what happens when oil and natural gas prices go down? Companies cut back drilling. Domestically also.
http://biz.yahoo.com/ap/081002/sandridge_energy_outlook.html?.v=1
http://www.reuters.com/article/marketsNews/idINN2338126120080923?rpc=44

ddog
10-03-2008, 12:35 PM
You know what happens when oil and natural gas prices go down? Companies cut back drilling. Domestically also.
http://biz.yahoo.com/ap/081002/sandridge_energy_outlook.html?.v=1
http://www.reuters.com/article/marketsNews/idINN2338126120080923?rpc=44


Ah, a breath of sanity.
thx ceejay

barn32
10-03-2008, 02:02 PM
It might be a pretty good idea, then, to have elections every year!

BoxcarTwo years ago gas was $1.99. I told everyone that as soon as this election is over gas is going to go up .10 cents. The day after the election gas went up to $2.09. It's been going up ever since.

PaceAdvantage
10-03-2008, 10:26 PM
Another fun fact:

The stock market (post 9/11 and post Clinton bubble burst) nearly DOUBLED under GWB....of course that doubling is now correcting itself a tad, as all markets do...

hcap
10-04-2008, 05:35 AM
Under Clinton it went from under 4,000 to over 10,000.
More than doubled. How come it didn't correct itself then??
Waited till AFTER bush. And still did not fall as much.

sammy the sage
10-04-2008, 07:11 AM
^^^^^^^ :lol: :D ;) :cool:

Hcap...very NICE...that's the REST of the story!

PaceAdvantage
10-04-2008, 06:01 PM
Under Clinton it went from under 4,000 to over 10,000.
More than doubled. How come it didn't correct itself then??
Waited till AFTER bush. And still did not fall as much.The way you folks have talked about Bush these past eight years, one would think we were back at 4,000 again.

It shot to 14,000 under Bush, and I don't think you ever posted as much....ever...

hcap
10-04-2008, 08:57 PM
Another wacky fact.

http://zfacts.com/metaPage/lib/National-Debt-GDP.gif

"Double Whammy: 50-Year Record on Sept. 22. $10 Trillion on Sept. 30, 2008.

The gross national debt compared to GDP (how rich we are) reached its lowest level since 1931 as Reagan took office. It skyrocketed for 12 years through Bush I. Clinton reversed it at a peak of 67%. Bush II crossed that line on Sept. 22 and hit 69% on Sept 30. That's the highest it's been since 1955 (53 years ago)."