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Yes rising oil price is also deflationary for the low, mid class which must cut on other spending.
oil prices have tripled inside the last couple of years and the economy is still en fuego.we blame people overseas for piling up demand, but its the US the consumes oil hand over fist.I think oil hits $88 inside 2 weeks, fueled of course by Iranian controversy and that good 'ol speculative fever the Street could never live without..........sepaking of oil prices, didn't Mr Forbes say it was going to $35 -- ha!
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