Fresh signs of recovery bolster Wall Street
Fresh signs of recovery bolster Wall Street.
I really don’t know why people aren’t talking about the increase in crude oil prices aren’t the worst possible thing that can happen. If oil prices rise to levels of a year ago, we are screwed. I also own a small furniture company. Everything we do is tied to oil.
There are thousands of petroleum based products. Cars use oil. Most importantly, everything we buy and sell is transported by machines that use oil. The higher the prices of oil, the faster product prices have to rise because of the increased prices for raw materials and the transportation costs. IT WILL COMPLETELY STOP ANY RECOVERY IN ITS TRACKS.
If we don’t keep oil prices down until the world economy gets back on solid footing, we will have a double dip resession and it won’t be pretty. It’s not gloom and doom. It’s a fact.
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