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General Category => General Discussion => Topic started by: briann on November 19, 2008, 02:14:54 PM

Title: prices drop by largest amount in 61 years (worst deflation since depression)
Post by: briann on November 19, 2008, 02:14:54 PM

http://www.axcessnews.com/index.php/articles/show/id/17095

Obviously.. .much of this is because of the price of oil dropping... but it also is because of a contraction in the economy.. and in the money available via credit.

Title: Re: prices drop by largest amount in 61 years (worst deflation since depression)
Post by: angryChineseKahanist on November 19, 2008, 02:33:38 PM

Right, and I'm still paying $2.00 a gallon for gas.
That's a lot. That's too much.
We should be paying less than $0.50 a gallon.

Title: Re: prices drop by largest amount in 61 years (worst deflation since depression)
Post by: RanterMaximus on November 19, 2008, 03:01:36 PM

Yeah, the price at the pump still has yet to drop enough, especially considering how fast the price of oil as fallen so dramatically.

Title: Re: prices drop by largest amount in 61 years (worst deflation since depression)
Post by: Vito on November 19, 2008, 03:13:11 PM

What's the main reason for the oil prices dropping so dramatically?

Title: Re: prices drop by largest amount in 61 years (worst deflation since depression)
Post by: RanterMaximus on November 19, 2008, 03:33:34 PM

Good question.  When Obama is sworn in, assuming they are still down, the media will make a big deal, as they have remained mute now.  Should they go back up, it will be the fault of Bush to them.