Wall Street is doing it again or should I say still... just 5 minutes ago from the Yahoo news link.

"Retail gas prices, meanwhile, slipped slightly for the second day in a row, while diesel prices rose further above $4 a gallon." Gas down Diesel UP. This is just not right.

 

Wrong forum and you're right. Quit driving so much and the prices will plumet.

 

Drive to callahan 20 minutes north 3.84 there, just saved you 16 cent plus.Drive on

 

fed cuts rates and the markets rally for a day or two. then the repercussions are felt as the dollar nosedives.
sounds like we are all being sacrificed to keep big business afloat.

 

Thats always the case .

 

great point. the dems are running around screaming that the fed gov't has got to do something, when the reality is, that by taking all these drastic measures, you usually make the situation worse and last longer. not to mention, that by dropping interest rates, the same people who have been screwing themselves with mortgages and credit cards they can't pay, are allowed to borrow even more money they can't pay back, starting the whole cycle all over again.

 

Thank God I never lived it then (but very soon in the future), but looks like we're in for another round of 70's style stagflation where the feds try to micromanage the economy and backfires. Fast rising inflation (caused by lots of spending in buisness and finance co.'s) combined with a recession do to stingy no spending consumers (maybe we'll all learn to save though). Lasted all 4years of Carter and the 1st 2years of Regan b4 things finally got turned around.


*EDIT* as of 1:37 PM

"energy markets in steep retreat as supply report yields sharp builds in stockpiles and extreme declines in consumer demand"

 

Yup, Its certainy not looking good. I dont know why more people dont understand the connection between printing money in debt and the value of food and fuel.
And the only people that are talking about these things and the steps required to fix it are labeled 'kooks'. Even without getting political and choosing sides you can see whats going on. The majority of both parties are to blame. I dont believe one is better or worse than the other in that respect.
we just need more real american citizen-statesmen to run for office. They dont have that 'reality disconnect' all these shady CEO's, lawyers and wealthy ones do. Maybe then the dollar would be worth something again.
Im going to keep plugging the guy in my .sig. Hes the only guy that seems to have passed economics 101