Re:re:re:re: oil to hit 185 / experts sayMay I add that with more pressure from energy and most commodities along with labour inflation will continue higher. If prediction is correct and energy goes to even 135.00 or 185.00 what will this do for consumers and basically the general economy? Inflation already running rampant and rates will continue to move higher. People say ah don't worry interest rates will only go up to a normalized range. What's normalized? 3% back in the 80's interest was 16-20% but asset prices were a fraction. People will say today that people earn more hahahaha really ? Do people really earn more today or does your dollar buy you anything today? The way this is playing out I can see a lot of chaos down the road and lots of bankruptcies if rates balloon along with continued pressure from commodities etc. high prices are not good for economies especially manufacturing
jmho