Tuesday, November 25, 2008

Damned if you do...
Numbers showing down, but ...
In this case, it's just the opposite.
We were on track for a possible bout of 'interruption in pricing' particularly to gasoline pricing until yesterday's market trading and the fall in the U.S dollar agin steps in.
A sudden interest in the stock markets and interest in commodities as the US dollar started falling again, led to yesterday's increase in oil pricing and its related, refined commodities so, from the looks of things, there won't be interruption afterall. Seems that traders will try to take advantage of any situation in the news to try to recoup their losses. In this case, it's a combination of another massive US bailout of the banks and Barack Obama's appointment of his economic team as well that has met with some approval.
Some numbers are still showing "down" however, so, that's the good part. Gasoline and heating oils are still showing that trend for next week.
Either way you look at it, the guys and girls in the provinces' finance department must have breathed a collective sigh when prices increased today...

1 comment:

Unknown said...

When are you expecting your next update?