I see oil is nearly $90. In fact, I thought CNBC said it was over $91, but I must have misheard.
I'm conflicted: I felt that the price of oil was ready to move higher, but I doubted (for no reason) that it really would. I thought it would move higher based on price of gold and China's requirements for oil, but too many talking heads said fundamentals did not support oil price greater than $40.
I think I may have opined on this on the blog earlier, but I forget.
This has to be an administration nightmare: $90 oil, 9% unemployment. And heading toward $100 oil and 10% unemployment.
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