Celestial Dollars

An ironic title to this post given the number the oil prices, job numbers did today bringing the dollar and the stock market down with them. Morgan Stanley and others say $150 per barrel is not far away and in fact $200 isn't either. It is funny how there are still suckers for the increased demand story - that India and China have added to the global demand and so the oil prices are rising and that millions of poor people are now eating a second meal and so the food prices are rising. When the commodities do a belly up soon, I want to hear what these pundits will have to say. So far middle class people bore the brunt while hedge funds find a way to make the rich people richer. I am so eagerly waiting for the day when there is no place to hide for these fund managers. In that sense, I welcome the $200 per barrel day with open arms so that it can then do a nose dive right after.

And yeah what about the celestial dollar? Well I bought a cup of coffee at this cute little coffee shop today where they had a sign that read "Expect better service than Purple Dinosaur and Celestial Dollars." Funny, given Starbucks is not showing any signs of revival even after their revamped strategy that includes a stolen line (Life happens over coffee? Sounds a lot like "A lot can happen over coffee" tag line of Cafe Coffee Day in India) and a line of gourmet chocolates.