Delta reports $6.39B first-quarter loss – Apr. 23, 2008
by Tom on April 23, 2008
in Uncategorized
Delta reports $6.39B first-quarter loss – Apr. 23, 2008
This illustrates quite well the dilemma that our economy is facing. Higher oil prices is increasing the risk of, if not the actual implementation of, inflation. That in itself can push interest rates higher.
On the other hand, the increased fuel costs (I paid my gas credit card bill last night – ouch!) are taking their toll on the economy as people and companies have less money to spend on other things. A slowing economy usually leads to lower inflation which usually leads to lower interest rates……
What do you think? Which one is going to win out?
