April 8, 2011

Quantitative Easing

Sorry for the low resolution -- this is cropped from a much larger image. Diesel price on a major Bellingham road (where all the shopping malls and Costco are):
qe_447.jpg
$4.47(9)/Gallon!�!� The price of oil is not the issue, it is our Dollar that is that much weaker against foreign currencies. Why? Because we are printing reams of them with nothing to back them up. Inflation is next... Posted by DaveH at April 8, 2011 1:41 PM
Comments

And....oil is priced in dollars worldwide. The dollar tanks (thanks to both current and most recent POTUS), oil goes up.

Posted by: Bob at April 9, 2011 9:40 AM
Post a comment









Remember personal info?