O
oompah
Have you people noticed how petrol seems to creeping past £1 a litre again,its currently £1.02 here where i live is it a sign that things are improving, if so will it be back to the rates of last summer before long?
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O
oompah
Well that don't follow the pound was crashing against the dollar and oil was going down now the pound is making some ground against the dollar again so perhaps its the pound gaining strength that is edging it up.
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The government has started 'quantative easing', ie. letting massive amounts of money into the economy via the bond markets.
Its a virtual form of printing money. Inflation always follows the influx of vast amounts of new money, as sure as night follows day. Rising oil prices are a visible symptom of this inflation.
When inflation really takes off, interest rates will have to rise to try to put the brakes on!
Its a virtual form of printing money. Inflation always follows the influx of vast amounts of new money, as sure as night follows day. Rising oil prices are a visible symptom of this inflation.
When inflation really takes off, interest rates will have to rise to try to put the brakes on!
Crude Prices over the month, quarter, year and 5 year peiods. Just click under the graph:
http://www.oil-price.net/index.php?lang=en
dave
http://www.oil-price.net/index.php?lang=en
dave
O
oompah
Trouble is according to this the American consumer confidence is up so we will pay for it.
http://uk.reuters.com/article/businessNews/idUKTRE54P2FI20090526
http://uk.reuters.com/article/businessNews/idUKTRE54P2FI20090526
