The price of milk has gone up dramatically. It has risen by $1.00 in the last few months, and nearly half a dollar in the last week. What is going on?
Also, sundry strange and weird things happened to me.
Read all about it here.
I don’t have much sympathy for the big builders. Especially when they say things likes this….
“Perhaps as the presidential campaign heats up and moves to the front page, negative articles about housing will move off the front page,” he said. “Then, hopefully, the positive underpinnings of low interest rates, low unemployment and a decent economy Click Here to continue reading.
I guess you could call it a sign of the times we live in–the economic times we live in, I mean. I don’t carefully follow the price of all groceries when I do my weekly shopping, but I do keep a regular eye on the price of a gallon of milk. The recent trend has [to read more click here…]
Yesterday, I said….
Now I can’t get away from the sneaking suspicion that what Cramer says on television is what the rich and powerful are saying behind closed doors. Call me paranoid, but I would not be surprised to see Cuomo get slapped down. If your are a glutton for punishment you can watch the video Click Here to continue reading.
I have a hard time writing about the current financial problems afflicting this country. Every day I have been reading about a new company that is losing billions of dollars for some reason or other. Wake me up when somebody manages to lose a trillion dollars or a major bank goes bankrupt. The only thing Click Here to continue reading.
The Belmont Club has an interesting post on Pakistan’s shady nuclear history that is worth reading.
Today everyone was freaking out about how fast the dollar fell. As Marco Man said…
Well, you can’t say that Macro Man didn’t warn you. More than two months ago, he suggested that Fed easing of 0.50% or more could generate a ‘dollar down bubble.’ After the initial Fed easing, he warned that the buck was toast. And so it’s come to pass, with the USD falling steadily since he first voiced his concerns. Until recently, however, the dollar’s decline has been relatively orderly, and not characteristic of the “throw caution to the wind” price action that one normally associates with bubbles. All that may have changed today, however, as the buck is falling hard against every currency under the sun, including erstwhile whipping-boy the yen. It looks like the real meat of the dollar down bubble has begun.
We wonders if the dollar is really in a reverse bubble right now. But regardless of whether Marco Man is right or not, the falling dollar is starting to make people sit up and take notice. This from AP….
Wall Street suffered its second big drop in a week Wednesday, with investors worried about spreading fallout from the credit crisis at banks and about a dollar that just keeps getting weaker. The Dow Jones industrial average fell more than 360 points – just about matching its plunge of last Thursday.
A passel of worries tormented investors, including the dollar, which swooned amid speculation that China will seek to diversify some of its foreign currency stockpiles beyond the greenback. Meanwhile, a record loss from General Motors Corp. owing to an accounting adjustment further dragged on sentiment.
Oil traded above $98 per barrel for the first time before retreating, and gold pushed higher, moves exacerbated by an anemic dollar.
The 13-nation euro hit a fresh record against the dollar – rising to $1.4729 – before falling back. The dollar fell not only against the euro but in Asia following a report that a senior Chinese political figure said China should diversify its $1.43 trillion foreign exchange reserves into the euro and other strong currencies.
On top of all this, people are getting increasingly concerned about the health of the banks. But right now, all those worries are still in the speculative stage.
This is a cool idea. If I was in the market for siding, I would look into getting it.
A French NGO has been caught kidnapping African children for their “own good”.
Mexico has been hit with serious flooding that temporally halted oil exports.
Oil hit 97 dollars a barrel. It is almost there.
This chart may reveal who the next bad news boys of the banking world will be.
I have never had much use for peak oil believers. Their arguments are generally not worth the time it takes to read them. But my arrogant dismissal of peak oil has been shaken by Stuart Staniford. Unlike most peak oilers, Mr. Staniford really gives you something to think about.
While I was reading Mr. Staniford’s Click Here to continue reading.