By using this site, you agree to our Privacy Policy and our Terms of Use. Close
ultimate_123 said:
SamuelRSmith said:
ultimate_123 said:
And the credit crunch is all due to oil. Oh what a discovery this was. Curse the man who discovered cars.

 

 No, the credit crunch is down to subprime mortgages, inflation is down to oil.

 

 Yeah but the credit crunch is all down to the inflation so it all kind of links in.

 

the craziest thing it might cause is deflation, ive seen a few small ramblings,in the economist, and a few other rags, the idea seems to be gaining steam. on a side note, this has maed the dollar storonger (or its decimated other currencies of the world) 1 euro is now only 1.34 dollars down form 1.41 monday and it has been doing this for awhile, the canadian dollar and the aussie dollar doing the same thing... the yen seems to be the only other one not sliding... with this in mind, japanses companies might move back to the usa with major shipments, if the euro keeps sliding, since the difrence in units wont be that much (outside of the pound that is)



come play minecraft @  mcg.hansrotech.com

minecraft name: hansrotec

XBL name: Goddog