FOX NEWS

Showing posts with label investors. Show all posts
Showing posts with label investors. Show all posts

Friday, March 5, 2010

WE COULD EAT CAKE BUT WE CAN'T AFFORD THE FUEL TO GO BUY IT

On the hopes of a minor improvement in the rate of job loss, investors raise the price of crude, a move guaranteed to bring any illusion of economic growth crashing to the ground.

The rich continue to profit at the expense of everyone else. Nobody minds when somebody makes a buck but this is taking food out of peoples mouths and the roofs from over their heads. This is taking money from the blind mans cup.


"Oil prices rose to near $81 a barrel Friday in Asia as crude traders followed equity markets higher ahead of a key U.S. jobs report.

Benchmark crude for April delivery was up 48 cents to $80.69 a barrel at late afternoon Singapore time in electronic trading on the New York Mercantile Exchange. The contract fell 66 cents to settle at $80.21 on Thursday.

U.S. stock markets rose Thursday on investor optimism that the February unemployment rate, scheduled to be released by the Labor Department later Friday, will show the economy is recovering. The jobless rate in January was 9.7 percent."
AP

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