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With oils multi-day contraction in price, our woes may start being alleviated. However, there is some silver lining- In a recession, commodity prices will retract instead of keep increasing- so maybe a recession is precisely what this country needs. An increase in Consumer Prices along with a retraction in Economic Growth is a one-two punch that we can't really survive, so something will eventually have to give. In this case, I think it will be oil prices and, since they're so intimately connected, food prices will follow and drop in price accordingly. This "economic correction" could take years, as it has in the past. I'm not terribly optimistic, but I'd be very happy if the economy proved me wrong and continued to present economic growth for the second quarter.

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