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Nah, I like the idea of cutting the demand for oil through conservation and
efficiency of design. A $1 drop in price per barrel saves $7,billion. That
is a powerful weapon. It took a $4 drop to get the Saudi's to join the
aniti OBL/Taliban coalition. The dollar still rules.
----- Original Message -----
From: "Norman Winski" <nwinski@xxxxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Tuesday, September 25, 2001 7:36 AM
Subject: Re: [RT] should we be contrarian to this report ??
> Ok people, let's get out there and spend spend spend! If we consume
enough,
> we can beat bin Ladin and those terrorists. Do your patriotic part and
> spend, spend, spend! Now get those credit cards out and
> Chaaaarrrrrrrrge!!!!
>
> Conspicoius Consumingly,
>
> Norman
> ----- Original Message -----
> From: <SLAWEKP@xxxxxxx>
> To: <REALTRADERS@xxxxxxxxxxxxxxx>
> Sent: Tuesday, September 25, 2001 8:30 AM
> Subject: [RT] should we be contrarian to this report ??
>
>
> > 09/25 00:01
> > Bloomberg Consumer Confidence Index Rose After Sept. 11 Attacks
> > By Brendan Murray
> >
> >
> > Washington, Sept. 25 (Bloomberg) -- Consumer confidence in the economy
> rose
> > this month to the highest level since January, according to a Bloomberg
> News
> > poll taken after the worst terrorist violence in U.S. history.
> >
> > Bloomberg's confidence index, derived from a series of questions about
the
> > economy, rose to 86.68 this month from 83.8 in a June survey, a survey
of
> > 1,200 adults found. The increase was the second in a row. The last time
> the
> > index was higher was when it was 89.3 in January.
> >
> > ``The American people are angry, grieving and upset, but they haven't
lost
> > faith in the economy,'' said Evans Witt, president of Princeton Survey
> > Research Associates, which conducted the poll last week.
> >
> > Americans expect stocks will rise and a majority predicted their
personal
> > finances will stay the same or improve in the next year, the survey
found.
> A
> > jump in President George W. Bush's approval rating to 83 percent from 55
> > percent last month shows that Americans favor his handling of the
crisis.
> >
> > Still, 70 percent think there will be more terrorist assaults within a
> year,
> > and a third think those that occurred Sept. 11 will very likely do
serious
> > harm to the economy.
> >
> > Half of the respondents said it's a good time to buy stocks, according
to
> the
> > survey, taken the same week the Dow Jones Industrial Average suffered
its
> > steepest decline in almost 70 years. Forty-five percent had given that
> > response in June, and 40 percent in April.
> >
> > With eight cuts in interest rates by Federal Reserve policy makers this
> year,
> > almost two-thirds of the respondents said it's a good time to buy a
house.
> >
> > `Still Confident'
> >
> > ``I'm spending just as much as I did two weeks ago,'' said Lila
> Stangeland,
> > 34, mother of two in South Brunswick, New Jersey. She and her husband,
> Glen
> > Marchese, 35, recently bought a house, and they plan to spend about
> $12,000
> > to $15,000 on furnishings and landscaping during the next few months.
``So
> > far we are still confident that we'll get a paycheck and spend like we
> do.''
> >
> > Stangeland gave another reason for carrying on after the attacks.
> ``Stopping
> > our lives is just going to hurt the economy,'' she said.
> >
> > The poll, which was taken in telephone interviews from Sept. 18 to Sept.
> 23,
> > has a margin of error of plus or minus 3 percentage points. The survey
is
> > taken every six weeks, and the confidence index is computed quarterly.
> >
> > Residents of New York were excluded from this survey, since people in
> > disaster areas typically don't respond. The survey was intended to take
a
> > national rather than regional approach.
> >
> > The attacks two weeks ago, which left more than 6,000 men, women and
> children
> > missing and presumed dead, have raised concern among economists that the
> U.S.
> > economy, already weakening, would slide into its first recession in a
> decade.
> >
> > `You Can't Panic'
> >
> > Even so, consumers have become more optimistic about their portfolios.
> > Fifty-five percent of those polled said they expect the Dow will be
higher
> a
> > year from now, up from 35 percent in the June survey, according to the
> poll.
> >
> > ``It's frightening when you see your net worth drop,'' said Sara Baxter,
> 37,
> > shopping Friday at a Target Corp. store in Colma, California. Still,
``You
> > can't panic.''
> >
> > She and her husband run a business doing pre-employment background
checks
> > ``which is going to be even hotter now.''
> >
> > Fed Chairman Alan Greenspan told Congress last week that ``economic
> activity
> > ground to a halt'' in the week after hijackers crashed planes into the
> World
> > Trade Center towers in New York and the Pentagon near Washington. He
said
> the
> > outlook remains strong for growth in the longer term.
> >
> > The poll showed the attacks widened the gulf between those who said the
> > economy is set to improve and those who said it will worsen.
Thirty-eight
> > percent expect the economy will get better in the next 12 months,
compared
> > with 35 percent in an August survey. Thirty-two percent of the
respondents
> > expect the economy will deteriorate in the next year, up from 20 percent
> in
> > August, the poll found.
> >
> > Personal Finances
> >
> > When asked about the outlook for their own personal finances, 88 percent
> of
> > the respondents expect no change or an improvement during the next year,
> down
> > from 93 percent in the June survey, the poll found.
> >
> > While three-quarters of the respondents said they haven't bought extra
> > groceries or household supplies since the attacks, only 10 percent said
> they
> > canceled travel plans and 5 percent said they delayed a major purchase,
> the
> > poll found. Almost two-thirds said they've given money to charity.
> >
> > The poll reflected the impact on U.S. airlines. Forty-three percent said
> they
> > are more afraid to fly in an airplane, while 50 percent reported no
> > difference in their confidence in air travel, the poll showed. Only 19%
> said
> > they feel very safe flying in a commercial jetliner.
> >
> > No Change in Plans
> >
> > Baxter, shopping in California, said she and her husband are traveling
> next
> > week to Montana by plane. ``Sure I'd be nervous, but I don't think I'd
> change
> > my plans,'' she said.
> >
> > Consumers may be containing their level of pessimism until they see how
> the
> > U.S. responds to the attacks or whether terrorist groups strike again,
> Witt
> > said.
> >
> > Eighty-nine percent of U.S. adults say they like the way Bush is
> responding
> > to the assaults, and 78 percent support military attacks against those
> > responsible.
> >
> > Fifty-five percent said the Social Security surplus shouldn't be spent
on
> the
> > war effort, and 35 percent said it should.
> >
> > The survey results showed men and women differed in their degree of
> > confidence in the country's future. Thirty-eight percent of women expect
> the
> > economy will worsen in the next year, compared with 26 percent of men.
> Almost
> > half of men -- 46 percent -- expect economic growth will accelerate,
> compared
> > with 30 percent of women, the poll found.
> >
> >
> >
> > To unsubscribe from this group, send an email to:
> > realtraders-unsubscribe@xxxxxxxxxxxxxxx
> >
> >
> >
> > Your use of Yahoo! Groups is subject to
http://docs.yahoo.com/info/terms/
> >
> >
>
>
>
> To unsubscribe from this group, send an email to:
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>
>
>
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>
>
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