Wednesday, October 8, 2008

Defying the law of gravity

CPO today went down below the USD90 mark. However, prices of goods are still on the upward trend. Why is it that when these prices went up, it never seems to come down? The argument was the high cost of fuel and the government cannot be ‘subsidizing’. In whichever case, the real deal is that the consumers like you and I are the real losers, the ordinary wage earning masses.

Whatever happened to the much talk about price mechanism? All talk and no action, as usual.

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