What is Digg?137 Comments
- minorthreat, on 10/10/2008, -1/+31Gas is next.... Crude oil is $80 a barrel and falling... $2.50 a gallon is on the way
- MakanGuru, on 10/10/2008, -1/+26Something did change, the speculators ran out of money to push the price of oil up
- Lucas123, on 10/10/2008, -1/+20Remarkable that oil can go from over $4.00 a gallon this summer to $3.00, and during that time, in the real world of oil exploration, production and shipping, nothing changed. It's all based on market speculation.
- inactive, on 10/10/2008, -1/+17Wrong Even the Euro has been dropping against the US Dollar.
So no the value of the US dollar is going up.
not down. - Morac, on 10/10/2008, -4/+20Food prices are down because food manufacturers have shrunk food packages. You might be paying 10% less, but you're getting half the amount of food you used to be getting so the net result is that you are paying more.
- Bith8654, on 10/10/2008, -0/+14Are you trying to tell me "Fun size" isn't actually more fun?
- Smokeydabear, on 10/10/2008, -1/+15I don't know where you people are at, but prices are still high in Michigan.
- Narcism, on 10/10/2008, -1/+13Flavored water? the ***** is wrong with you?
- robopuppy, on 10/10/2008, -1/+12Umm, what? I bought some lettuce 2 weeks ago and it was $1.79. I went 3 days ago and it was $2.00. A bag of frozen chicken breasts was $6.99, now it's $8.99. Even bottled water was $.20 higher than it was last time!
- Intercon, on 10/10/2008, -1/+10Food prices are down!?! *****. Not in Brooklyn.
- WaFFeL54, on 10/10/2008, -1/+10Yay lets get fat.
- chrissku, on 10/10/2008, -0/+8ehrrr.....so are paychecks.
- rossnyc, on 10/10/2008, -0/+7Awesome. Now we can stock up on office lunch food for 50 years since we won't be able to retire.
- mstachiw, on 10/10/2008, -0/+7no money for car, house, clothes, heat/electric, entertainment... only enough for this biiig samich num, num, num.
- tbredofsin, on 10/10/2008, -0/+6Actually, we're in the middle of massive deflation as the market crashes more each day. Nice try, though.
- spider418, on 10/10/2008, -0/+6Car, house, clothes... It's all relative... As long as everyone's standards are lowered, food and sex is all you really need to be happy. Wait, this is digg... Make that a *really* biiig samich !
- phogasmic, on 10/10/2008, -1/+7no its not. Now that everyone's economy is tanking the dollar is catching back up.
- tmc1, on 10/10/2008, -0/+6Ima go get my lunch on!
- daimposter, on 10/10/2008, -0/+6ONE bright spot? Oil is down. The dollar is up against most wold currency. Obama is comfortably ahead in the polls. And HULU has taken off!
- PGPirate, on 10/10/2008, -0/+6FYI - 84% of all statistics are made up
- jmpeagle, on 10/10/2008, -0/+5the best producing oil fields in Saudi Arabia cost them only $2 per barrel or just under 4.8 cents a gallon
- skipdog172, on 10/10/2008, -0/+5There has actually been a dramatic drop in demand... But yeah, oil futures + stock market getting owned = cheap oil.
- inactive, on 10/10/2008, -0/+5Oil prices down, food prices down, the dollar up. I'd say we're doing pretty good. Once the bailout starts "working" it will all turn around and we'll be *****.
The stock markets, and the credit based economy are the problems. A credit crash is a good thing, and any economy that depends on growth for survival is doomed to fail from the beginning. We should do away with credit. All transactions should be cash, check, debit, silver, or gold.
I wish it wasn't too late to get Ron Paul in the whitehouse.
ATTN Wallstreet: JUMP, YOU *****! - Crucible1001, on 10/10/2008, -0/+5I've noticed this with junk food, but everything else is the same.
- Bith8654, on 10/10/2008, -1/+6Yeah but did gas always go up $1 every summer?
- jcaino, on 10/10/2008, -0/+5I'm pretty lucky - I just got a raise.
- rondorondorondo, on 10/10/2008, -2/+7OPEC will make a major production cut to bring oil back up because they need to make sure they still make a profit.
- minorthreat, on 10/10/2008, -0/+4OPEC can cut back.. but I really don't think it will have any effect on this downward spiral. We are returning to the real market values.. OPEC can cut back and oil can fall another $10 and it will still have more room to fall to reach fair market value...
- NJank, on 10/10/2008, -0/+4MrMysterious: no no, it has nothing to do with them still making a profit. it's that they'll be making less profit. that's negative growth. all corporations are beholden to the requirement to show continued and increasing growth. god forbid reality or long term goals set in.
- DeFex, on 10/10/2008, -1/+5Thats because oil and food futures speculators got bored of that and are now having fun short selling everything and ruining the economy.
- Solkre, on 10/10/2008, -1/+5Inaccurate for northern Indiana. My bottled flavored waters that were $.50 at wal-mart are now $.58
My bag of lettuce went from .99 / lb to .99 for 12oz. *****'s getting smaller or more expensive here. Gas IS going down, but slower than other places. - SteelChicken, on 10/10/2008, -2/+6"downtrodden consumers"
stop ***** buying houses you cant afford, overpriced SUV's that get 5mpg and 50" LCD TV's, "poor oppressed masses" - tbredofsin, on 10/10/2008, -0/+4Who said it was temporary (at least in the short term sense)?
Don't get me wrong, I do think the market will bounce back, but not nearly to where it was as recently as last year. - gracias, on 10/10/2008, -0/+4Grocery shrink ray.
http://consumerist.com/tag/grocery-shrink-ray/ - TVarmy, on 10/10/2008, -0/+3Most of the concerns are nationalistic. Having a currency your nation doesn't exclusively control means that the government can't influence it to their benefit. Rather, it's up to the nations who agree to print and maintain the currency to agree on decisions. Right now, the United States can print dollars to pay off debts or influence inflation. We can do this, as we no longer have the gold standard. With the Amero, if such a thing were actually in development, it'd be up to what the three American nations wanted, and thus what benefits the whole rather than individual countries.
- tbredofsin, on 10/10/2008, -2/+5I'm not a huge fan of Wal-Mart for reasons other than the ones you listed, but your logic does not resemble our Earth logic.
Also, I can shop wherever is convenient to me. - zaren, on 10/10/2008, -0/+3I just bought gas in Ann Arbor for $2.99 a gallon. Grocery shopping is tomorrow (hello, payday!) so we'll see how things look on that end. I don't expect much, though - like gas, they only pass the savings on to you once they figure they can't get away with it any more.
- sarahbara, on 10/10/2008, -0/+3would love to see this happen; prices still high in Southern Ontario
- kickasspodcast, on 10/10/2008, -0/+3I'm a chef and I can say with total confidence that this story is not true
the cost is flour for example has jumped to ridiculous prices, all deliveries
also come with ever increasing fuel surcharges.
buried/inaccurate. - Huangism, on 10/10/2008, -0/+3no there is no bright side to bad economy, sure food rpices might go down, but after that people will start losing jobs and when you have no income any food price is high
- SteaminTmann, on 10/10/2008, -0/+3EVERYTHING in NY costs more.... everything
- AndersenWatcher, on 10/10/2008, -0/+3Thanks for the pick-me-up!
- brstilson, on 10/10/2008, -0/+3I work for a meat processing plant. Don't expect food prices to keep falling. A lot of facilities in the industry have already made plans to cut back production in response to the increased supply. I can't say who I work for, but we'll be cutting production by one day per week soon.
- MrMysterious, on 10/10/2008, -1/+4Oil could fall to $50-60 a barrel and they are going to still make a profit.
- diggduggDOOM, on 10/10/2008, -2/+5Only thing I ever made from scratch was an itch stop.
BadumpTSCH!
I know; that was bad. Digg me down as punishment. - spyd3rweb, on 10/10/2008, -0/+3Deflation should not be confused with temporarily falling prices; instead, it is a sustained fall in general prices.
- inactive, on 10/10/2008, -0/+3They come in bags, usually 3-5 lb. bags, sometimes even 10 lb. Tyson and Purdue both sell frozen bags of chicken and it's pretty convenient to be able to reseal the bag and save the rest of the chicken when you dont want to cook all of it. Every major grocer (outside of maybe Whole Foods) sells it.
- TVarmy, on 10/10/2008, -0/+3To be fair, it is hard to find oil and takes a lot of capital to set up a well, but once one is set up, it's pretty much a license to print money.
- Indierocka, on 10/10/2008, -0/+3My only qualm is that its called the amero
- McDeath, on 10/10/2008, -0/+3What are they talking about? Do these people ever go out into the real world? I go shopping for groceries at least once a week, and the only thing that I've noticed is that prices are going up on almost everything.
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