Oil Prices Another Signal Of Trouble
January 22, 2008
The AFP is reporting that world oil prices fell amid concerns of a drop in energy demand. This is largely in part because of the weakness that the US economy is showing and the world is believing.
Further interest rate cuts may not bolster the economy, and they will only hurt the value of the dollar. Just another sign that a recession is on the way…spin it however you want.
Entry Filed under: Economic news. Tags: recession oil world economy.
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