We are doomed | Clipmarks


	We are doomed

DrCat2013

6-7-2008 2:49 AM

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DrCat2013 says:

Economic Meltdown City

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6-23-2008 4:49 PM

rustajb

The worst is yet to come. The dollar is dropping, global economies are in decline, food shortages are spreading, prices are skyrocketing, the jet streams are moving towards the poles which in turn spreads the temperate zones and exacerbates the food crisis, the list goes on and on. It all spells dark trouble over the horizon.

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                                        Oil's biggest day yet drags down stocks                </H1></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://news.yahoo.com/s/ap/20080607/ap_on_bi_ge/oil_prices"><P>
                        NEW YORK - <SPAN id="lw_1212819356_0" class="yshortcuts">Oil prices</SPAN> made their biggest single-day leap ever Friday, dragging the Dow Jones industrials down nearly 400 points and raising the once-unthinkable prospect of $150 oil and more <SPAN id="lw_1212819356_1" class="yshortcuts">record gas prices</SPAN> by the Fourth of July.                        
                        </P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://news.yahoo.com/s/ap/20080607/ap_on_bi_ge/oil_prices"><P>And those weren't the only stunning numbers of the day: The government also reported the nation's unemployment rate zoomed to 5.5 percent in May, a monthly rise of half a percentage point, the biggest in 22 years.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://news.yahoo.com/s/ap/20080607/ap_on_bi_ge/oil_prices"><P>Oil settled at $138.54, a rise of more than 8 percent. The surged came after <SPAN id="lw_1212819356_3" class="yshortcuts">Morgan Stanley analyst</SPAN> Ole Slorer predicted strong demand in Asia and tight supplies in the Western Hemisphere could drive prices to $150 by Independence Day, when millions of Americans take to the roads.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://news.yahoo.com/s/ap/20080607/ap_on_bi_ge/oil_prices"><P>
"Unemployment jumping as it did today will be in the market for a long time and will continue to pressure the U.S. dollar," Cordier said.
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