geechee
03-13-2008, 05:24 PM
Newton's third law of physics:
For every action, there is an equal and opposite reaction.
The government can not continue to print new money month after month and pretend that this is somehow going to help our economy. The more they print, the less it will be worth.
NEW YORK (AP)Light sweet crude for April delivery rose 41 cents to settle at a record $110.33 a barrel on the New York Mercantile Exchange Thursday after earlier surging to a new trading record of $111.
"This cocktail's been whipped up by the Federal Reserve," said James Cordier, founder of OptionSellers.com, a Tampa, Fla., trading firm.
Analysts said the Commerce Department's report that retail sales fell in February raised new worries that the economy is headed for recession, and might curtail demand for oil. Those concerns limited oil's gains, but analysts expect any oil price weakness to be short-lived, and for oil to maintain its upward track.
For consumers, that means pain at the pump — and in the form of higher prices for food and consumer goods, primarily related to rising fuel costs — will continue into the foreseeable future.
"There's really no end in sight to this," Cordier said.
For every action, there is an equal and opposite reaction.
The government can not continue to print new money month after month and pretend that this is somehow going to help our economy. The more they print, the less it will be worth.
NEW YORK (AP)Light sweet crude for April delivery rose 41 cents to settle at a record $110.33 a barrel on the New York Mercantile Exchange Thursday after earlier surging to a new trading record of $111.
"This cocktail's been whipped up by the Federal Reserve," said James Cordier, founder of OptionSellers.com, a Tampa, Fla., trading firm.
Analysts said the Commerce Department's report that retail sales fell in February raised new worries that the economy is headed for recession, and might curtail demand for oil. Those concerns limited oil's gains, but analysts expect any oil price weakness to be short-lived, and for oil to maintain its upward track.
For consumers, that means pain at the pump — and in the form of higher prices for food and consumer goods, primarily related to rising fuel costs — will continue into the foreseeable future.
"There's really no end in sight to this," Cordier said.