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Tclwrap:
Nov 11 11:26 am
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All Comments by dd »Consumer Sentiment Hits ‘Danger Zone’ [View article]
Housing price declines will affect the spending habits of more than just subprime borrowers, especially considering the drop in mortgage equity withdrawals, and the spike in credit card debt.
On the subject of gasoline vs oil prices, the crack spread has narrowed and squeezed refiners' margins. This won't continue indefinitely. Thus oil price must fall, or gasoline price must rise, or a bit of both.