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| runner140 | Back...after a short vacation. | ||
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Master Guru
 
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Looks like little has changed.... More elections, same results. Oil prices are hitting new highs, 124.78 per barrel....Gas prices can't be far behind. The housing crisis is still rolling, effecting other industries.
"opec" controls oil prices and the U.S. controls the prices of food in the world.(wheat, corn, soybeans and frozed pork bellys) Food for oil???? |
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Posted on: 2008/5/9 11:32
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96, white and a ton of miles. Somewhat stock. |
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| pianoguy | Re: Back...after a short vacation. | ||
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Guru Emeritus
 
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I'm wondering what the next "bubble" will be, since that seems to be what we're in with regard to commodities. I saw on the news last night that pawn/check-cashing companies are going gangbusters - I had predicted this to a friend a while back.
I remember reading an article many years ago that predicted that someday food would be used as a weapon. Maybe we're getting close to that point. Oil doesn't digest very well. |
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Posted on: 2008/5/9 12:26
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1996 LT4 �Before you criticize someone, you should walk a mile in their shoes. That way when you criticize them, you are a mile away from them and you have their shoes.�- Jack Handey |
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| runner140 | Re: Back...after a short vacation. | ||
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Master Guru
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When you get into a downturn.. and it becomes quite extreme, people start to pay for food, medical and transportation(auto loans and gas) with credit cards. Consumer debt tends to explode.
Next bubble could be auto loans/credit card debt. |
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Posted on: 2008/5/9 13:01
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96, white and a ton of miles. Somewhat stock. |
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