the fed is doing the wrong thing

[Deckard]

I wish i knew more about economics. What you say about raising interest rates as a long term solution seems to make sense, but then I'm not sure whether the short term pain might spread outwards and eat up any long term gain, so you end up in that trap of spiralling unemployment and inflation.

I dunno, it's probably stupid me even trying to speculate.

The rising price of oil is just a big 'WTF?' at the moment. More than $135/barrel. Last year it was something like $75 wasn't it? Where the hell is that figure going to go?