[April Lexington]

In the 1970s we had stagflation where the GDP was flat and inflation was soaring to new heights. The inflation was triggered by (a) OPEC oil pricing and/or (b) 15 years of spending on Viet Nam and The Great Society. If we have an oil spike now, we are toast. Oil touched $50 today and I'll bet America's enemies understand how to take us and the UK out for good. Watch oil.

One could argue that oil is down because of the global recession. Or, one could argue that Oil is a deflation beater like it was last summer at $145 or, one could argue that there isn't enough money left in the world to fiddle with oil prices at all, or, one could just argue!

[Darren McCarty]

Oil touched $50 today and I'll bet America's enemies understand how to take us and the UK out for good. Watch oil.

I'm trying to decide whether I should put some money in oil. I don't trust gold prices right now.