Joshua Shapiro
Joshua Shapiro
bear believe brunt consumer energy following higher hurricane katrina leading prices seen spending
We believe that consumer spending is going to bear the brunt of higher energy prices that we have seen leading up to and immediately following Hurricane Katrina as discretionary spending is curtailed.
compared hard imports large near rate slow term
It's going to be hard in the near term to do anything more than slow the rate of deterioration in the deficit. Imports are just too large compared with exports.
gasoline impact tax
Refinery shutdowns will have a big impact on gasoline prices, ... and that's a tax on consumers.