Well, it finally happened didn't it, Oil is now $100 per barrel, think it doesn't matter then think again. Everything you buy every where you go was delivered by truck, train or plane and with prices up that means there is a hidden wholesale tax and that means inflation on the cost of goods. But how can we have inflation when the housing prices are tanking and the Q1, Q2 and Q3 there are expected twice as many homes to hit the market including foreclosures and the hail Mary short sales?

Increased oil prices hurt buyer psychology, yes that's right public perception, of course we know it as consumer confidence and many economist belief that simple belief in the economy from citizens accounts for 1/3 of its total performance, hmm, that's not too good. With prices up, fuel up, this means layoffs, lack luster retail results and Christmas broke no speed records this year. What did Wall-Street say about the $100 fuel prices? Well the market took a 220 pt. hit right at the start of the January barometer and the red end of the Santa Clause Rally. Ho Ho oh!?!

Airlines, Trucking, all of transportation, and retail, auto-sales, housing, and banking, too - Small business, ouch and the dollar is 30% down against the rest, okay for manufacturing but what does America make anymore? Hamburgers! I said not to answer that. I hope all the Realtors here are ready for round two, because if your nose is bleeding now, you better be ready, cause its going to get ugly. Too much reality check for you? Too much doom and gloom? Hey, don't shoot the messenger. If you have a different view, I welcome your comments. - Lance
Gas prices suck. Oil prices are terribly high.
BUT I can't find a way to get my ladders and tools on the back of a bike for the 35 mile drive to the inspection, especially when the wind chill is 5 below zero.
There goes the recreational trips.