Vacuum Cleaners Discussions |
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CarmineD
Joined: Dec 31, 2007
Points: 5894
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Big Hit on the US/World Markets
Original Message Jan 21, 2008 2:11 pm |
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Early news reports in the USA are saying the London financial markets nosed dived today in the worse downturn ever. This comes on the heels of a 4 percent drop in the Dow Jones Industrials last week alone. Since today is a Federal Holiday in the US in observance of Dr. Martin Luther King the financial markets are closed. Not sure what impact the London market fall will have on the US markets--have to wait to see. What and how long will it take jaydee to realize that he needs to enter the low to middle price range vacuum market to stay competitive in the USA in the big box stores' venue? Any news yet on the 2007 dyson sales? Carmine D.
This message was modified Jun 27, 2008 by CarmineD
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CarmineD
Joined: Dec 31, 2007
Points: 5894
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Re: Big Hit on the US/World Markets
Reply #201 Jun 27, 2008 7:04 am |
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How high will gas prices go in the US? Some say with crude at $140 a barrel, there is plenty of wiggle room for the price per gallon to reach $6-8 per gallon. Carmine D.
I posted this on June 16. Yesterday a report that gas prices could reach $7 a gallon roiled the US stock markets and the dow was off almost 400 points. Closing at the worse level in 2 years.
Simple to understand. Last year when oil was $60 a barrel, gas prices were $3 per gallon. Now they are $140, do the math. Lucky1: How's that for prophesy? I speak for myself, regardless of the consequences. Carmine D.
This message was modified Jun 27, 2008 by CarmineD
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CarmineD
Joined: Dec 31, 2007
Points: 5894
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Re: Big Hit on the US/World Markets
Reply #204 Jun 27, 2008 12:34 pm |
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Lucky1, MOLE et al: The high costs of oil are translated into high fuel costs for transportation of imported goods into the USA. Products that were less expensive to import than produce here aren't cheaper anymore to outsource. Result: These products are made here in the USA now. More jobs. The economics of commerce always work better than government intervention with rules and regulations. Bush 2, like his father, doesn't have a clue about the working class people and their struggles. That's what happens when you're born with a silver spoon in your mouth and graduate from Yale because Daddy did. Kudos to Papa Bush for his Navy Service. Boos and hisses to Sonny Bush for being conspicuously absent from Vietnam, the defining event of his era. Both can say they were President and reminisce about the good ole days. History will be the judge of how well they both did. BTW Lucky1, Obama had a private and secret meeting with Senator Webb from Virginia earlier this month. Word is that Webb, a Marine Officer who served in Viet Nam [and has a son serving in Iraq], may get the nod for VP. Remember my comment here. No Commander-in-Chief should send Americans to war, unless and until that person has walked the battlefield of the dead and wounded. Obama hasn't but Webb has. Carmine D.
This message was modified Jun 27, 2008 by CarmineD
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HARDSELL
Joined: Aug 22, 2007
Points: 1293
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Re: Big Hit on the US/World Markets
Reply #207 Jun 27, 2008 4:30 pm |
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I posted this on June 16. Yesterday a report that gas prices could reach $7 a gallon roiled the US stock markets and the dow was off almost 400 points. Closing at the worse level in 2 years. Simple to understand. Last year when oil was $60 a barrel, gas prices were $3 per gallon. Now they are $140, do the math. Lucky1: How's that for prophesy? I speak for myself, regardless of the consequences. Carmine D. I hope that the news media doesn't sue you for trying to take credit for what they reported.
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