Word: depressed
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...least, traders are betting that oil production will drop and prices will rise. Reason: both Iran and Iraq have pumped as much oil as possible to pay for their holy war, helping depress prices. Peace could eliminate the glut, the theory goes, by bringing back tighter production quotas from Iran, Iraq and the other members of the Organization of Petroleum Exporting Countries. Such thinking caused the price of oil futures to seesaw violently last week. The price of a barrel of West Texas crude jumped 84 cents, to $15.70, when Iran first proposed peace, then plunged 47 cents...
...moment, fur fanciers do not seem to be deterred. "The animal- rights issue went through my mind," admits one shopper, who went ahead and bought a $15,000 mink. "But if it really bothered me, I would be a vegetarian." An economic downturn, retailers fear, might do more to depress the market. But so far, there seems little cause for alarm. As Vujosevic says about her priorities as she searches for her blue fox: "It was either going to be a coat or a co-op." No contest there...
Besides confirming Van Gogh's status, last week's sale reassured collectors that the loss of wealth generated by October's stock crash would not immediately depress the art market. Says Jay Goldinger, editor of the Early Warning Wire financial newsletter: "There are a lot of people out there who are disgusted with the stock market, and some will look more...
...what their names are and if they have a permanent mailing address. Those phony bastards really kill me. They want to know what your goddamn address is so that they can send you a goddamn letter saying that you're not good enough for them. Things like that really depress...
...agreement, they are fighting a formidable oil glut. Some 200 million unsold barrels of oil linger on the market today, and the inventory has been building at the rate of 2 million bbl. a day. Despite the cutbacks, some experts argue, there would still be a surplus that would depress prices...