09-30-2005, 06:07 PM
Quote:The worry is whether the surge in energy prices, partly reflecting the shutdown in production along the Gulf Coast, will so rattle consumers that the economy could be pushed into a full-blown recession.
...consumer spending, after adjusting for inflation, plunged by 1 percent in August, the biggest decline since September 2001,
...the toll from Katrina and Hurricane Rita, which struck in September, is likely to depress economic activity for several months
http://www.ecommercetimes.com/story/S6bG...ices.xhtml