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#31
Posted to sci.electronics.design,sci.electronics.repair
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Oil prices climb to $101.11 a barrel...
MooseFET wrote:
"Paul Hovnanian P.E." wrote in message ... James Arthur wrote: On Feb 28, 1:33 pm, (Nico Coesel) wrote: "Jim Thompson" wrote: http://www.marke****ch.com/news/stor...7B40D68525%2DB... Feb. 26, 2008 .................................................. ................................................ As the broader market began to regain lost ground, crude prices for April delivery gained 2.3% to a new high of $101.11 a barrel on the New York Mercantile Exchange, surpassing crude's last record of $100.65 hit last week. Some people think the imminent downfall of the US economy is going be a much bigger problem. The mortgage crisis is just the beginning. I sure hope the next president has more sense. China and other countries have huge amounts of dollars. Rumors of our demise have been greatly exaggerated. (with apologies to Mark Twain) If the dollar is sinking deeper, they will eventually cut their loss and dump their dollars at any price. Not likely. Old saying: "If you owe the bank $100k and can't pay, you've got a problem. If you owe the bank $100M and can't pay, the _bank_ has a problem." Or just wait a while and $100M USD won't be that big a deal any more. -- Paul Hovnanian ------------------------------------------------------------------ Stupidity kills. But not nearly often enough. Right now $500 is no big deal. At a restaurant I paid a $100 for dinner for 3. It used to be $35. You stupid kid have no experience in life, don't try to be an expert ****ing Jerk. Oh look, the impostor child lies again. |
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