Off-Topic: More bad economic news.....sigh......

Bear Creek Reservoir Topics

(Bear Creek Reservoir Specific)

9 messages

Updated 11/3/2023 6:12:58 AM

Off-Topic

Lakes Online Forum

83,645 messages

Updated 5/30/2024 11:45:00 PM

Boat Maintenance

Lakes Online Forum

5,195 messages

Updated 5/31/2024 4:36:53 AM

Bear Creek Reservoir Fishing

(Bear Creek Reservoir Specific)

0 messages

Updated

Jokes

Lakes Online Forum

4,169 messages

Updated 4/15/2024 11:05:05 PM

Sports

Lakes Online Forum

4,261 messages

Updated 5/28/2024 6:31:10 AM

Grilling & Recipes

Lakes Online Forum

2,976 messages

Updated 3/20/2024 11:53:43 PM

Tallapoosa River Topics

Lakes Online Forum

98 messages

Updated 4/15/2024 1:00:58 AM

Forum Usage Rules

Welcome, Guest

Select View Mode: [ classic | beta | recent ]

	Name:	Talullahhound -
	Subject:	More bad economic news.....sigh......
	Date:	6/17/2010 5:37:58 PM

It's BP's choice not to pay dividends, not because of any "shake-down". Their profits will still be in the billions. I'm glad that the Administation put the strong arm on BP. I see no reason for BP to skate on this one. Unfortunately, the damage that has been done to the Gulf region is going to last far longer than 5 years. And I'm not just talking the environmental impact. I expect we will see a larger number of foreclosures on beach property that anyone previously anticipated. And if we have a bad hurricane season as they have predicted, it's God help the Gulf.

All of the economic forecasts I have been reading said that there would be a small increase in the economy in 2010; the economy would stagnate in 2011 and would start to recover in 2012. I've been reading this since the beginning of the year.

As far as consumer prices being down -- I don't see how anyone who has been to the grocery store lately would make that claim.

BTW, I was in Montgomery today and had lunch in a restaurant that would normally be nearly full at lunchtime. Today it was 3/4 empty.