http://www.bbc.co.uk/news/business-17229025
I bet all this QE isn't helping matters either...
Jeff
Oil price jumps to 43-month high on Saudi blast reports
-
superfrank
- Posts: 2762
- Joined: Fri Aug 14, 2009 8:28 pm
that's too true Jeff.
once all this excess liquidity sloshing around the system has pumped up stock markets it starts to look for a new home and a lot of it ends up in commodities.
increasing commodity prices then act as a natural regulator on economic growth. that's one of the problems with QE. you can't underestimate the impact of oil prices on an economy like the US - it's massive.
UK fuel prices
once all this excess liquidity sloshing around the system has pumped up stock markets it starts to look for a new home and a lot of it ends up in commodities.
increasing commodity prices then act as a natural regulator on economic growth. that's one of the problems with QE. you can't underestimate the impact of oil prices on an economy like the US - it's massive.
UK fuel prices