Rising oil prices beginning to take their toll on US economy...
invite response
2011 Apr 6, 4:34pm 2,076 views 5 comments
Comments 1 - 5 of 5 Search these comments
1
terriDeaner
2011 Apr 6, 4:42pm
terriDeaner
2011 Apr 6, 4:42pm
Agreed. Should be an interesting summer and fall... by then if the economy is doing poorly enough, maybe Bernake will be ready to fire up QE3!
check this out from zerohedge today:
91.3% Correlation Between Foodstamp Usage And The S&P, Or How "Wealth Effect" = "Poverty Effect"
http://www.zerohedge.com/article/913-correlation-between-foodstamp-usage-and-sp-or-how-wealth-effect-poverty-effect
3
Done!
2011 Apr 6, 11:01pm
Done!
2011 Apr 6, 11:01pm
Where in the fuck is the "price stability mandate" the Bernake was talking about?
5
American in Japan
2011 Jun 7, 11:05am
American in Japan
2011 Jun 7, 11:05am
I wonder if traffic has gone in California down due to the higher cost of gasoline...
I heard that it did in 2008/9
http://finance.yahoo.com/news/Rising-oil-prices-beginning-apf-1311732829.html
If QE2 is affecting the price of crude oil (as I think it is), it's side effects might undo any benefit that was done raising equity prices... Again QE2 isn't helping the average person (but most of you all know that already).