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originally posted by: stosh64
originally posted by: Darkblade71
a reply to: Korg Trinity
yeah, also Saudi oil is cheap.
They dropped the price to try to stop the fracking oil businesses.
They made it so it is not cost effective to frack.
They are all ready laying people off, a lot of the big western companies are.
What I find worrisome is the swiss national bank just dropped its interest rate to a NEGATIVE 0.75%
However, in an effort to ensure investors don't get too excited about swapping euros or dollars for francs, the central bank also slashed interest rates to -0.75%, down from -0.25%.
Negative interest rates.
Coming to America.
Now I will hear 'that could NEVER happen in the US'.....
originally posted by: nwtrucker
a reply to: eriktheawful
I was thinking along the same lines about food prices. Much depends on the transportation contracts.
Many have fuel surcharges on top of the basic rate. The rate is steady and the fuel surcharge goes up or down, depending on the market, on top of the normal shipping rate. Others have flat contracts at a steady price and only change when those contracts expire and re-negotiated.
There's a bunch of people in between that are benefitting from the price drop who haven't lowered their prices or only partially. (that includes the trucking industry, brokers, farmers, and gas retailers)
These will drop the prices down the road, though. Most food was produced when the prices where much higher. Next season should show a drop in food prices, hopefully...if the fuel doesn't go back up too soon.
One thing we can bank on. This will NOT last long...
originally posted by: Hoosierdaddy71
Now if they would stop putting ethanol in our gas we would get the mileage back up where it belongs. More savings.....