Sunday, January 6, 2008

A jump in oil prices.

Wall street is also concerned about the high price of oil . The 2007 holiday figure is at the low end it's 3.5% to 4.5% range , excluding gasoline, auto sales, that figure was 2.4% .
The news could raise concerns about the strength of consumer spending.The economy however is not doing as expected .Holiday sales were very slow and this could continue into the new year. Consumers don't have much money to spend and they are cutting back and spending less.

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