DEFLATION: Comin-in strong

[errolanderson]

Great news . . . diesel prices dropping. Diesel futures off 15% from highs seen just last week. Gasoline down about 14%. Fallout in crude oil plus swelling U.S. gasoline stocks contributing to fuel price pressure. WTI oil appears to have major line in-the-sand support nearing $73 per barrel. This may take days or weeks to test, but it’s likely to be tested at some point. Errol’s Commodity Wire, Calgary

[Taiga]

You are right Edmonton diesel rack dropped 12 cents from yesterday

[errolanderson]

You are right Edmonton diesel rack dropped 12 cents from yesterday

Selloff in diesel just beginning (IMO).

[westernvicki]

I don't think this will be as simple as saying all asset classes are facing deflation.

There will be a huge discrepancy between needs and wants going forward.

Alberta 5.

I agree.

However with Canadas debt and need to borrow to cover operating costs, some projections of interest rate up to 15%.

Based on someone who survived 22% interest rate of PET et all, survival with assets is winning.

[foragefarmer]

I appreciate your concern forage.

By the way, how much more equalization will MB need now that Wab is Premier.

You've always been concerning Jazz.

As for Wab not my choice, but the majority rules. The Manitoba PC's ran a disastrous campaign.

No stolen election here in Manitoba as yourself and Sumdum yap about to each other.

Just wondering are there any pump jacks or potash mines in your R.M. Jazz?

[biglentil]

Selloff in diesel just beginning (IMO).

That is great news! Bring on the deflation.

[Old Cowzilla]

Wab went to the same accounting school as our Prime Minister so we should be ok

[Old Cowzilla]

Oh and U.S.A. employment numbers came in at twice the predictions so things still burning strong expect higher interest rates for Christmas presents.

[jazz]

The job numbers were a complete farce. Canada added 60,000 jobs and 40,000 were educators with the govt, probably for teaching our massive foreign student influx ponzi scheme.

In the US, the people who had to take 2 or 3 jobs to keep up with inflation were counted as 2 or 3 more workers. Its all a scam.

[jazz]

So terrorist attacks in Israel today just as their iron dome fails the same day. US shooting down turkish drones in Syria. China making tight deals with Syria, Iran, Saudi Arabia. SPR empty.

Lets talk about that $100+ oil price again.

And you can forget about any deflation happening.