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@ flying higher....
The buying power of the dollar that you use to buy that gallon of gas has dropped by 50% due to the wonderful monetary easing policies of the FED and our great government. That is the largest problem with pumping trillions of dollars into the economy to keep it ficticiously propped up.
I need some explanation here. I am not an economics guru or anything but with the stock market dropping, the dollar index rising, and no indication that oil is being consumed faster, then why is the price of oil rising out of control again?
This makes absolutely no sense other than 1 obvious reason......WALL STR...more
Here is something to think about a little bit:
Price of oil YTD chg - -6.10%
Price of retail gasoline YTD chg - +10.65%
Anybody else think there is something wrong with that picture? And they say that oil refiners aren't making a little extra money in their pockets? BS!!
@ saltguy
Positive News?!? Are you serious with that thought? You might want to think before typing next time. Jobless claims are up, inflation is reported up (but we already knew that it was up it was just wall street trying to hide it), and manufacturing activity is worse than expected! How is that "positiv...more
@ Just Enter
What is this inflation that you speak of? Haven't we been told by all the "experts" (Helicopter Ben) that inflation is not a problem and is by no means out of control? You must be mistaken?!? The "experts" could never be wrong........could they?
@ Doug;
Short term inflation fears are out weighted by the real term fear of regression into a deep recession and global impact of devaluated American dollar.
What do you think monetary easing policies will do to the value of the dollar? It will definitely not make it more valuable.....as should be appa...more
Revenue up by almost 44% for the 1st oil company earnings report......but big oil isn't screwing the American people. It obviously is all our fault for creating such high demand for oil by having to drive to work because the nearest place of business is an hour away after the latest company decided to pack up and head...more
17571
I didn't think you made it up.....I was just interested in reading myself to see what other crap they came up with in their little "how can we scheme the public out of more money" pow-wow that they say will save the economy.
17571
Where are you getting this information on the bipartisan budget plan? That sounds like a whole lot of crap to me to pay on employee sponsored health plans!
7/21/2011
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