This is supposed to be an analysis?
Y'know, most of the time Reuters has some really good stuff, but this is not one of them. There really is nothing new here, no point to be made. It's really just a reporting of multiple statements by various experts, thrown together onto a single page. There is, however, this travesty:
With gas at $4.00 a gallon, households already have less to spend on a new grill at Home Depot; a vacation at Walt Disney's Disney World; a new TV from Best Buy Co; or a new "hog" from Harley-Davidson Co.
And there are no signs things will get better soon for the consumer, long the driving force of U.S. economic growth.
Wow. Yup, you said it. The world is changing because, all of a sudden, Americans have less money for Disney World, not because oil is so high that it is seriously threatening international trade. There are days that I really wonder, and other days that I just know. Today is the latter.
With gas at $4.00 a gallon, households already have less to spend on a new grill at Home Depot; a vacation at Walt Disney's Disney World; a new TV from Best Buy Co; or a new "hog" from Harley-Davidson Co.
And there are no signs things will get better soon for the consumer, long the driving force of U.S. economic growth.
Wow. Yup, you said it. The world is changing because, all of a sudden, Americans have less money for Disney World, not because oil is so high that it is seriously threatening international trade. There are days that I really wonder, and other days that I just know. Today is the latter.