March 20, 2011

Some more Quantitative Easing

Was driving near Lynwood, WA (a bit north of Seattle) on Highway 99 near I-5 and took this quick snapshot of diesel prices these days...
diesel_427.jpg
Fortunately, our small town station is still charging $3.99 This is not the price of gasoline rising, this is the value of the US Dollar sinking because they are flying off the printing presses. Here is our local bank's exchange rates for US Dollars v/s Canadian Dollars:
cad-usd.jpg
Batten down the hatches people -- it's the late '70s all over again... Posted by DaveH at March 20, 2011 4:03 PM
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