Real estate blog entries tagged with economy by Las Vegas Real Estate - Summerlin Homes Paul Francis - (702) 592.3058 (Prudential Americana Group

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Home : Blogs : Las Vegas Real Estate - Summerlin Homes Paul Francis - (702) 592.3058 : Las Vegas Real Estate - Summerlin Homes : Tag "economy"

economy: Are High Gas Prices on the Way to come Back and Haunt Us? - 10/22/09 02:07 PM

Weak Dollar sends Oil Skyrocketing
In case nobody has been catching the recent surge in the cost of the Barrel of Oil:
From the New York Times
"But they say the most important factor is the falling value of the dollar, which is encouraging traders, institutions and foreign countries to invest their cash in hard assets like oil and gold. Oil is priced in dollars on global markets, and a falling dollar almost always puts upward pressure on oil."
Hmmm... Cash for Clunkers, Mortgage Modifications, First Time Homebuyer Tax Credits, Federal Reserve buying Mortgage Backed Securities, Bailouts, free money for all, … (12 comments)

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