If anyone wanted to know what would happen when oil got too expensive - take a look at the last few months. The US economy had a meltdown! It couldn't have been better orchestrated on purpose.
Yeah, I know, the housing market is a major component of all this crap - I'm not discounting it in any way, but if oil hadn't got so expensive (Thanks, Mr. Bush!) then the housing market might have been able to correct without pulling everything else with it.
Just my 2¢.
Friday, October 17, 2008
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