1. The Economic Consequences of the War
2. Latest Threat to the Flow of Oil
3. The Economy Continues to Crumble
Could Iraq war sink American economy?
The U.S. economy is in a fragile state, and the timing of
the Bush administration's preemptive Gulf war couldn't be worse, some
economists say.
From: WorldNetDaily, 19 Mar
Economy in the line of fire
Every conflict has winners and losers, but a war with Iraq
could hurt many Americans economically if it lasts longer than the few
weeks projected by the Bush administration, experts say. A
longer-than-expected war could spell the end for one or two airlines,
keep gasoline prices high, reduce consumer spending and possibly push the
U.S. and world economies into recession, according to economic
analysts.
FROM: Chicago Tribune, 19 Mar
Don�t Bank on a Bounce-Back
Hopes for a post-Iraq rebound are fading fast, and so are
forecasts that the second half of 2003 will bring a jump in jobs, orders,
and profits.
FROM: Business Week, 18 Mar
EU fears conflict will bring on
recession
War in Iraq could push the continent's already enfeebled
economy over the edge and into full-blown recession, the European
commission warned yesterday.
FROM: The Guardian (UK)
Gloom for world economy
Economists and policy makers in the leading economies of
the US, Japan and Europe all have serious concerns.
FROM: BBC, 17 Mar
MORE...inc
pr writes on Monday March 24 2003 @
02:54AM PST: [ reply |
parent ]
This is fascinating for me because I am forced through my work to rub
shoulders with various 'market anarchists.' Their line up to last week
was 'the market doesn't like war',blah,blah...you'd think they were all
Jain Monks sweeping the ground in front of them.It only took a few days
of 'schlock and war' for them to start getting lathered up for a another
run with the bulls,but now there is a 'margin call' where it was least
expected.Casulties in Iraq! Combined with the news from Niger,the so
called 'smart' missiles landing in TWO other countries(!)the Defence Head
caught lying twice,all the above article points and the perfect storm
does seem to be brewing nicely for the single skinned rust bucket of
International crony crapitalism. The WEF and World Bank have even
admitted they do more harm than good and need an enormous repressive
corrupt war machine to back them up. War from the state should now be
answered with W.A.R* on the streets of every city on the planet. Will the
wolf(enson and owitz.)survive? Stay tuned.
*(World Anarchist Revolution.)
http://www.infoshop.org/inews/stories.php?story=03/03/23/2356747
