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Recent Commentary
The Power of Lower Oil Prices
Date: 11/17/2008

By: Dr. Charles Lieberman

The seemingly endless decline in oil prices is very welcome, after its surge in the first half of the year. Reduced energy costs leave more dollars in consumer wallets. This week's CPI report, which will show a sizeable decline, implies a strong gain in real household income, even as household outlays weakened dramatically. Understandably, consumers have turned cautious amid all the turmoil in the market...   Read the complete article

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