The sad part about the state of economic affairs is that the economy is still a disaster and yet there is actually positive media coverage as if things have improved. Oil prices have more than doubled since the winter and that is on the back of horrible demand and millions of jobs being lost. It is basically the exact opposite of this stage in earlier recessions.
Our main problem now is the fall of the dollar but to be realistic speculators are again hurting the average consumer. By most estimates oil prices are inflated by about twenty dollars due to the weak dollar. The other $25 added to the price since March is the result of money flowing into the oil markets from fund managers.
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Posted by: PKGrace | December 27, 2009 at 07:50 AM