Thursday, September 20, 2007

Oil Up = Economy Down

With the price of oil flying past $82, how can anyone cheer a PPI/CPI drop that included an energy (gasoline & natural gas, mostly) price drop??? Doesn't that bode ill for NEXT month's figures??? I swear, all the business reporting systems go out of their way to be optimistic, trying to draw more capital into the equity and commodity markets!
And what does it say about the economy that people welcome governmental influence (interference) in the marketplace?? What does it say about the capitalistic system we have engendered??
[rant off]
My forecast RECESSION PROBABILITY = 52%.

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