Or, do you think other factors are the cause?
2007-10-20 23:41:12 · 4 answers · asked by arrow 4 in Social Science ➔ Economics
Inflation, inflation, inflation, I N F L A T I O N!!!!!!!!!!!
You put on Bloomberg and when someone even mentions this word they are looked at as if they are a war criminal.
When you can't raise interest rates because you need to inflate the real estate market and to prevent foreclosures, you get INFLATION!
Commodities HIGH = INFLATION!
It is inflation! Not weak dollar, if it were just a weak dollar we would see a way out of this (like raising interest rates). It is inflation due to piss poor public policy and lack of regulation in industries that NEED to be regulated!
2007-10-20 23:57:19 · answer #1 · answered by Anonymous · 0⤊ 0⤋
The risk premium on oil futures is up because the administration is taking about confronting Iran
2007-10-21 02:13:43 · answer #2 · answered by meg 7 · 0⤊ 0⤋
Oil is a main variable in the value of our dollar.
2007-10-21 04:48:29 · answer #3 · answered by Professor Sheed 6 · 0⤊ 0⤋
Climate change, Disasters, and other things like that. Politics may affect oil price hike.
2007-10-20 23:46:25 · answer #4 · answered by Dan 3 · 0⤊ 0⤋