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Oil Hits $102 For The First Time

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http://news.bbc.co.uk/1/hi/business/7266223.stm

The price of oil has reached a new record high, a day after setting a previous record.

US sweet crude traded at $102 a barrel, after climbing to $101.43 a barrel on Tuesday.

Traders said the dollar's fall against the euro was the biggest catalyst as it makes oil attractive for non-dollar denominated currencies.

Concerns that the producers' cartel Opec will cut supply when they meet next week have also been blamed.

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Commodities of all sorts becoming pseudo currencies.

Despite the fact that they bear no income, the flight from the erosion of value via the printing presses is significant enough to cause this.

For central bankers to "warn" of inflation is duplicitous in the extreme - they are the cause of most of it and they damn well know it. They talk of moral hazard when they are the fount of it, they talk of their remits to contain inflation when they are the generators of it. It is the big lie.

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Commodities of all sorts becoming pseudo currencies.

Despite the fact that they bear no income, the flight from the erosion of value via the printing presses is significant enough to cause this.

For central bankers to "warn" of inflation is duplicitous in the extreme - they are the cause of most of it and they damn well know it. They talk of moral hazard when they are the fount of it, they talk of their remits to contain inflation when they are the generators of it. It is the big lie.

spot on- and i'd like to add nulabour are just as bad with their bleetings of low inflation- low interest rates - 2.1% everyone knows its a lot higher - yet the cheek of gordon brown and his sorry exuse for mps continue to ram these lies whenever they can.

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  • 293 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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