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Tuesday, April 08, 2008

Dollar coming back?

It looks like the old dollar might be making a come back. It looks like the really good time to buy stuff might be coming to an end. I figure once the old gov't comes through with those checks prices will go up a little bit so that the old consumer loses out. Right now the dollar is coming up against some of the other foreign currencies, but it will take more time to see what is really going to happen. It kind of makes you think that this whole recession thing was a little overblown. From my understanding recessions are tied to job growth and not necessarily incomes or money changing hands. Oil continues to increase and is at over $107 a barrel, and it looks like it won't get back below $100 either because hedge folks have set up automatic buys for anything under $100 so unless the stockpile just shoots up you can forget about prices going down, especially before the summer driving season.

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