View Single Post
Old 10-05-2012, 04:13   #24
c6601a
Senior Member
 
Join Date: Jan 2001
Location: The Most Beautiful Part Of The USA
Posts: 3,427
Food prices are up and a likely to go MUCH higher. But it has nothing to do with the Fed. It is all due to the drought this summer and the subsequent crop failures. It will take 2 years for the prices to recover.

Everything related to petroleum is up because markets are worried about saber rattling from Iran and equally juvenile behavior out of Israel. Oil prices will crash if BOTH Ahmedin-nut-job and Nutt-n-yahoo are voted out and replaced by mature adults. That and no natural disasters or accidents that significantly impact oil production or refining.
c6601a is offline   Reply With Quote