I Don't Think I Understand Economics
Is it me, or is this paragraph peculiar?
In other words,Fears that an economic slowdown in the United States could spread to other parts of the world and lead to lower energy consumption pushed oil prices down sharply for the second day on Wednesday. The drop in price contributed to a jump on Wall Street with the major markets all rising more than 2.5 percent.
Fears that an economic slowdown in the United States could spread to other parts of the world... contributed to a jump on Wall Street...Is that how it works?
Update: Scooped!
posted by apk01004 at 4:28 PM
1 Comments:
Still more proof that trying to explain daily economic moves is like trying to explain who won the lottery. "Rising fuel prices led Mortimer to shun his usual station for the Mobil next door, leading inevitably to his purchase of the winningest ticket."
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