Wednesday 9 January 2008

Going Down !


This could get monotonous ...


($2.10 was just November)

6 comments:

CityUnslicker said...

and the average price of oil ticks up with every passing day. i see easyjet got pummelled yesterday when the analysts realised they had all their hedges ending this quarter...see my post above, but this is a huge driver of inflation for the coming year

Tim Worstall said...

Yippee!

Gues who gets paid in $?

Nick Drew said...

Congratulations Tim, You must have had a nervous 2007.

Personally I am grateful to CU for his authoritative and early prediction of the top at $ 2.10, which saved me from a premature liquidation

Steven_L said...

So does this mean we start importing inflation? Or does the tignt monetary/consumer spending situation counterbalance this pressure?

Thought?

Nick Drew said...

err, were you looking at me, Steven ?

wiser heads than mine haven't a clue

my only thought is: inflation is really easy to engineer, stroke-of-a-pen stuff, whereas deflation takes a complex combination of factors to occur

Steven_L said...

Just because no one has a clue doesn't mean we can't all have opinions Nick.