October 17, 2004

Oil May Float, But It Sinks Airlines

From WSJ online:

Greenspan warned that a further increase in crude-oil prices could risk “more serious negative consequences” for the economy. U.S. retail sales surged 1.5% in September but consumer sentiment soured in October. Producer prices rose 0.1%.

Keep an eye on oil (current spot prices here) … if the rise continues you can expect two “serious negative consequences”—US Airways will be out of business, and Delta will declare bankruptcy.

Posted by Avocare at October 17, 2004 03:09 PM | TrackBack
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