You have to laugh at the news that over in Japan, the so-called "leaders" of the G-8 voiced their "strong concern" about rising commodity prices, especially those of oil and food. In a statement released today, they said that commodity prices "pose a serious challenge to the world economy." They also said that they are determined to continuously take actions to ensure stability and growth of the world economy. Let's see what that translates into where the rubber meets the road. Word is that the G-8 "leaders" are in sync on the vilification of inflation as Public Enemy #1. Therefore, expectations that they might start acting accordingly should start you looking closely at what interest you're currently paying for all your debts. But the odds are, based on most political "leaders" track record, they'll talk up a storm, but not really do much about it!
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It could happen!
Let's see what that translates into where the rubber meets the road.
Posted by: 花蓮 | January 7, 2009 6:03 AM | Permalink to Comment