Posted by
Tim Blessing on Friday, June 13, 2008 7:59:57 PM
Inflation.
Food and Oil continue their price rise.
We may never know the real reason for the pain were feeling right now.
Food exports are up at this moment because the value of the dollar is down.
Oil imports are up in terms of price at this moment because the value of the dollar is down.
Interesting, economists would call this an exchange rate problem.
Let's see, there's an election coming in six months. I bet the prices will fall the closer we get to the election.
The dollar's value will go up at the appropriate time to balance out the imbalances in our economy.
In essence, it is an exchange rate problem that probably cannot be solved in the short run.