High up on the list is the price of oil. The price per barrel dipped on Monday and Tuesday, but today it rose a bit.
Its simple, higher oil prices equals more inflation. At this point its not a huge deal but start seeing gas at $4 per gallon along with a 10% unemployment rate, and then we have a recession along with inflation. It doesn't get much worse than that. That would be the worst recession in our lifetime coupled with the worst inflation.
Reuters: Oil rises on stock market, U.S. inventory data
U.S. crude settled 56 cents higher at $71.03 a barrel, having earlier traded down to $69.00.
3 comments:
Check out on the McClatchy reports Recession map out yesterday where NO Recession exists in America! Any surprise that the best economy is in TEXAS, OLK. etc. The RED heartland . BV$H and his corrupt cronies made damn sure those places were flush even now. So don't expect any breaks on OIL from the OILY crowd. They look @ themselves as a Indep. nation. We need to invade Texas and take the OIL and liberate the people! I bet they'll greet us with flowers!
I love it, forget Iran, let's invade Texas!.
I think we should go global with it. We'll give the neocons a run for their money.
U mean go viral don't u?
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