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URL:  https://boards.fool.com/75-of-gdp-is-consumer-spending-with-4-dollar-25912723.aspx

Subject:  Re: Just announced Date:  9/18/2007  5:20 PM
Author:  hockeypop Number:  21674 of 36651

75% of GDP is consumer spending, with $4 dollar gas, all electronic devices going up 20%; Mr. Consumer is going to freeze up!! We'll have $90/bbl. PDQ!! $100/bbl. by yr. end?? What's the price of a Camry next Spring?

Look at what happened to the dollar today...

rk


Not that I disagree, but that Camry is now build in Kentucky, you're buying Toyota stock with cheap dollars, and if 40% of major US company's revenue is from overseas, the US economy should sell more (which raises the problem of inflation, but what worker is happy with low prices and no job?).

Bogle said recently that our economy by 2042 will NOT be as strong against the international markets as it is now. But we still ARE pretty strong now. http://money.cnn.com/galleries/2007/moneymag/0709/gallery.whats_ahead.moneymag/

Who knows?

Hockeypop
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