Inflation to raise its ugly head soonner rather than later?
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Maybe this deserves a topic of its own....
"The benchmark for crude oil prices is West Texas Intermediate, drilled exactly where you would imagine. That's the price, set at the New York Mercantile Exchange, that you see quoted on business channels and in the morning paper.
Right now, in an unusual market trend, West Texas crude is selling for much less than inferior grades of crude from other places around the world. A severe economic downturn has left U.S. storage facilities brimming with it, sending prices for the premium crude to five-year lows.
But it is the overseas crude that goes into most of the gas made in the United States. So prices at the pump will probably keep going up no matter what happens to the benchmark price of crude oil.
"We're going definitely over $2, and I bet we'll hit $2.50 before spring," said Tom Kloza, publisher and chief oil analyst at Oil Price Information Service. "This is going to be an unusual year."
Inflationary pressures, is it coming and what are the consequences to the Red Dot?
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I mean, it is better to look forward into the future and do something about it now than to wait until whatever you do is "too little too late".
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i posted a topic earler it was closed for some strange unknown reason..
recession up, prices stilll not down..
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If you are say, Arab oil producers and you see the USA printing so much money (US$) that they use to buy your oil, pieces of paper in exchange for your oil, do you think you will sell at lower prices?
You cannot buy in Euros as well since there is no guarantee that the Europeans will not do the same.
China is a basket case.
India has currency controls
Japan is still tied to the performance of the US economy.
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"FOREX-Yen rises after G7 meeting, shrugs off Japan GDP
Reuters - 46 minutes ago
By Kaori Kaneko TOKYO, Feb 16 (Reuters) - The yen rose against other major currencies on Monday after Group of Seven finance ministers made no specific reference to the Japanese currency's strength at their weekend meeting.
Japan’s Bonds Fall as Record Economic Slump May Spur Debt Sales Bloomberg
Japan says economic crisis worst since WWII AFP
The Australian - The Associated Press - Deutsche Welle - New Zealand HeraldThe Japanese are biting the bullet and letting their currency stay at this level after they raised it, even if it means a contraction of their GDP This bodes well for their future.
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With dishonorable despots making policies, Thai rice, for one will be more expensive than necessary.
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Originally posted by AndrewPKYap:
I mean, it is better to look forward into the future and do something about it now than to wait until whatever you do is "too little too late".
I think you will be very happy in the future.
Because all your hated politicians and government will be losing alot of their financial gains and this is bound to upset and AFFECT THEM MORE than your redundant posts.
You should be happy and drooling like a retard, cos this is like your dream come true right?
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Originally posted by parn:
I think you will be very happy in the future.Because all your hated politicians and government will be losing alot of their financial gains and this is bound to upset and AFFECT THEM MORE than your redundant posts.
You should be happy and drooling like a retard, cos this is like your dream come true right?
...and you are so disappointed your jesus that you and your fellow delusionals pray to to bless the despots failed you right?
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Don't say nobody warned you about inflation!
Gold Tops $975 on Demand for Store of Value; Silver Also Climbs
Bloomberg - 4 hours ago
17 (Bloomberg) -- Gold jumped to more than $975 an ounce, the highest price since July, on speculation that low interest rates and government spending will ...
Gold jumps to 7-month high on risk aversion USA Today
Gold hits 7-month high on haven buying Reuters
Gold Climbs to Seven-Month High in London as Economy May Worsen Bloomberg
Bloomberg - Bloomberg
all 198 news articles » -
Indonesia asks U.S. for currency swap deal-FT
*sigh* the whole world is addicted to US$
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Oil prices surge on report of falling inventories
- Thursday February 19, 2009, 3:48 pm EST
Dow ends at lowest close in more than 6 years
- Thursday February 19, 2009, 5:07 pm EST
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Reuters
Gold rises over $1,000 on haven buying
Friday February 20, 3:24 pm ETBy Frank Tang and Jan Harvey
NEW YORK/LONDON (Reuters) - Gold rose above $1,000 an ounce on Friday for the first time since March last year as nervous investors piled into the yellow metal to preserve wealth amid a tumbling stock market.
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I am wondering if it is just the pretext to a new round of speculative madness. Although America is surely set to print massive amount of dollar and in theory could jack up prices of commodities, in reality the real demand to consume is much smaller.
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What do you mean by "pretext"? Economic cycles move in.... cycles...
Don't just look at the USA. Look also at the number of consumers in China, India and the rest of the world.
Some things in life cannot be avoided. This downturn in Singapore, just when it looks like it is about to recover, will be hit by massive inflation.
The damned despots are idiots out to make as much money for themselves as possible and any help/bailout they give to Singaporeans have a hint of self interests.
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Worse of all of course is that they engineer the system so that Singaporeans NEED their help by taking as much money from the people as possible. This is how they make Singaporeans into silliporeans. Damned Cursed Despots.
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Originally posted by AndrewPKYap:
Worse of all of course is that they engineer the system so that Singaporeans NEED their help by taking as much money from the people as possible. This is how they make Singaporeans into silliporeans. Damned Cursed Despots.
When our country is down, we must stand up to help, by cash or by strength, we must stand together and not keep damning the situation with your cursing and insult on true singaporeans. Go take your medicines from IMH.One people, one nation, one IMH
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Originally posted by Worldlybusinessman:
i posted a topic earler it was closed for some strange unknown reason..
recession up, prices stilll not down..
it is basically a supply and demand market here, prices will go down once no one is buying it, have not the transport fares gone down, so if a bowl of kuay teow is $3 now, and peoples start to take home foods or instant noodles, do you not think that the price of kuay teow will ultimately go down?? -
Originally posted by angel7030:
When our country is down, we must stand up to help, by cash or by strength, we must stand together and not keep damning the situation with your cursing and insult on true singaporeans. Go take your medicines from IMH.One people, one nation, one IMH
When the country is at war, according to your IMH fixated logic, people should cooperate with the enemies destroying the country?
hahahahahahaha
what a self proclaimed "Angel of God" idiot. (05 Feb `09, 6:04PM)