Energy prices continue to skyrocket. Utterback Marketing President Bob Utterback says the higher prices are likely the biggest threat to the economy. “With higher fuel prices, we’ll see a significant increase of costs to the American consumer in all areas.” The risk is consumers will stop buying. “Eventually, I think there will be lay-offs. Once we pass the momentum, the ball will start rolling the other way. This could have bearish implications to the equity markets.”
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