Oil now over $90.00 and the fed is going to cut rates

what? rising oil isn't inflationary?

 

That's right, the cost to make things is going up but the retail cost will not rise to reflect the higher manufacturing costs.

You see it's magic. The higher the input costs the higher the margins.

Haven't you studied this "new economic metric" in business classes. It's all the rage. Oh, don't forget your base currency is also falling, but there are no implications that accompany this either.

We must all just keep consuming even though all the basic expenses of life such as heating, cooling, food, gas to make it to work on time and take the kids to soccer have risen. There are no implications.

All this is not inflationary at all. Oh yeah, everyone will keep their jobs also. All those mortgage originators and real estate agents will all stay gainfully employed. All the bankers that okayed the loans will stay fat and happy also.

Good Luck!

 

Those prize idiots Bush and Rice are about to start yet another war ( which they can't win )

"Iran has responded defiantly to new sanctions imposed by the US targeting Iran's Islamic Revolution Guards Corps and three state-owned banks. " says the Beeb

Oil is set to rise well past the $200 a barrel mark in the near future as Iran turns off the taps. Mad and Bad is defiant as ever.
That makes it well over $10 a gallon

None of them will be shivering this winter - bar stewards the poxy lot of them

I,ve just filled the car and guess what - the queue was 100 yards up the road !!!!!!!!!!

Its not men in black that's needed - it's men in white coats to cart the politicians off to the local looney-bin

They may want to commit suicide - but we shouldn't let them drag the rest of us down with them

 

Um wrong

Oil at 90 and gas still in the low high 2's low 3's.

Quit pulling numbers out of your @$$

 

heating oil will be big thing this winter.. esp in North east...

already heating oil is up from $1.6 to $2.2 and winter is not started yet...

consumer price will be up in nov and dec cpi....

 

oil isn't inflationary...

good one

 

not saying this is true about oil, but sometimes product and service prices do not reflect the raw material prices right away (for many different reasons)

 

but thats because crack spread is collapsing (ie it was too wide before).. what happens when it stops collapsing (ro widens again?)

 

the whole chain of events is just ridiculous.

I would have thought $90 oil would really start biting into the economy. I guess not.