Sunday, October 05, 2008

Good News/ Bad News

Good news:
Gas is $2.87 here. All SW Missouri saw gas drop below $3.00 last week.

Bad news:
According to a post on the NY Times "Economix" blog:

This week’s Fed monetary report showed that during the week ending Sept. 22, money supply (as measured by seasonally adjusted M2) increased by $165.5 billion to $7,900 billion. On an annualized basis this is an astonishing 108.94 percent growth rate.

That means gas prices and all other prices will soon be rising at an increased rate.

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