Someone might want to change the topic heading to 'Why the World is in recession'. As China are now claiming they are in recession, why you might ask...well a toy factory had to close putting somewhere in the region of 1000 people onto unemployment...it must be bad if that's happening in China.

As for Emofag's house prices doubling in a year, I would have thought that might have been a bit slow, as in the height of the property boom in the UK in the early to mid 90's house prices were almost everywhere doubling in 6 months.

2.39 gasoline! Go repression go!

They've trimmed oil production by 1.5 million barrels (daily?) though, so it'll peter out soon enough, via speculation or natural market recovery.

With Opec having emergency meettings to cut the supply it won't be too long before we see things bounce back up.

Hmmm, when gas is "cheap" it's always more expensive here, when it's "expensive" it's cheaper here, wtf.

With Opec having emergency meettings to cut the supply it won't be too long before we see things bounce back up.

Y'know, I was inclined to agree, but I'm suprised it hasn't hit sooner. It's dipped down to $2.18 in the last few days where I live. There's a gas station a few miles north of me that's running it for $2.10, with no signs of slowing down.

What's our take on this Kikizo? Speculation, OPEC, or good 'ol supply and demand?

Eddie_the_Hated

With Opec having emergency meettings to cut the supply it won't be too long before we see things bounce back up.

Y'know, I was inclined to agree, but I'm suprised it hasn't hit sooner. It's dipped down to $2.18 in the last few days where I live. There's a gas station a few miles north of me that's running it for $2.10, with no signs of slowing down.

What's our take on this Kikizo? Speculation, OPEC, or good 'ol supply and demand?

Right now it's supply and demand. But, as emofag said, it'll change soon.