Financial Shakeup this weekend

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Financial Shakeup this weekend

Ccns23 Offline

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Joined: Mar 2008

#364

06-24-2008, 08:14 AM

Let's not forget another key ingredient of oil prices.....the falling american dollar. The first thing our wonderful legislature needs to do is RAISE INTEREST RATES!!! No one wants the dollar anymore. When the dollar is weak, people (i.e. investors) tend to put their money in tangible goods. Oil, gold, pork, OJ, etc. Don't believe me? Pick any one of them and see how much they are up over the past year. All the schmucks who bought houses they couldn't possibly afford have all contributed to this mess. And the weakness of the Fed to raise rates has all but doomed us for the next few years. They need to start raising rates and raising them fast. Once we are at the 5-6% levels as they were prior to 2000, you'll see things turn around. Well, at least IMO.

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