What is Digg?2 Comments
- novaculus, on 07/01/2008, -0/+6Perhaps the first of many unintended consequence of OPEC's plan's to enrich themselves to the maximum extent possible, while damaging the US economy (and the economies of its allies). I believe we are seeing signs that the current price of oil is going to trigger a cascade of consequences leading to reduced demand, even with the increasing demand from China and India.
More importantly, we may see some very positive adjustments by the US economy, where market forces to some extent still control business decisions. The benefits of manufacturing jobs returning to the US is substantial. For all the naysaying and pessimism, the economy continues to weather the storm of negative forces at work against it, including high energy prices and the availability of cheap labor abroad. - Stevanoski, on 07/01/2008, -1/+5Plus, with the dropping value of the dollar our trade deficit gets better as our goods become more affordable.
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