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Category Archives: Economic
I’m not sure what’s going on, as I haven’t had a chance to check the news. Though I’m not sure there would be any quite yet, as it just happened. On my Mac, I have Dashboard Widgets that keep tabs on the US Dollar and it’s value against the Euro and the US Dollar Index, as well as gold and silver prices. Something just happened and the Euro and Pound has tanked a bit against the Dollar, and gold and silver are seeing a substantial bump in spot price. Not sure what this means yet, but I’m guessing that the … Continue reading
This is about a year old, but I’ve just come across is today. It has some good info about the long term issues that are facing us.
How far would go to get gas? Would you trade sex for it? Apparently, some people think that it’s a worthwhile trade. This shouldn’t really be a surprise, as when resources – food, clean water, fuel, security – are in short supply, people will go to any length to secure whatever resources that they need. [From Report: People Trading Gas For Sex On Craigslist « CBS New York – ] How far would go to get gas? Long gas stationlines and empty gas pumps have plagued drivers across New York and New Jersey since Superstorm Sandy slammed into the East Coast … Continue reading
Refineries outages are causing gasoline shortages at the pumps in California. [From California Gas Stations Shut as Oil Refiners Ration Supplies- Bloomberg – ] Gasoline station owners in the Los Angeles area including Costco Wholesale Corp. (COST) are beginning to shut pumps as the states oil refiners started rationing supplies and spot prices surged to a record. Valero Energy Corp. (VLO) stopped selling gasoline on the spot, or wholesale, market in Southern California and is allocating deliveries to customers. Exxon Mobil Corp. (XOM) is also rationing fuel to U.S. West Coast terminal customers. Costcos outlet in Simi Valley, 40 miles … Continue reading
This is one of those “shoes” that we have been waiting to drop. The rest of the world is fed up with our monetary policies and the inflation that we’re exporting. While small countries can’t do much about it, the larger countries can, and as you can see from the article, they have. In a nutshell, China is now completely set up and ready for any country to buy and sell oil using their yuan, instead of US Dollars. This is the equivalent of a death knell for the dollars. [From Dollar no longer primary oil currency as China begins … Continue reading
What Was The QE3 Announcement – What Does It Mean? Here is what the Fed announced: The central bank will buy $40 billion of mortgage-backed securities a month, and is willing to take more action if the labor market doesn’t improve, its policy-setting committee said. The Fed also extended an existing stimulus effort known as Operation Twist, under which the central bank has been selling short-term bonds and using the proceeds to buy longer-term bonds in an effort to bring down long-term rates. Officials also said they expect to keep short-term interest rates near zero until at least mid-2015, past the … Continue reading
The first two rounds of Quantitative Easing haven’t done anything to improve the economy, only prolong the pain and agony that so many are now going through. The US economy cannot be doing well if we have this many people in dire straits: [From More Than 100 Million Americans Are On Welfare – ] There are more Americans dependent on the federal government than ever before in U.S. history. According to the Survey of Income and Program Participation conducted by the U.S. Census, well over 100 million Americans are enrolled in at least one welfare program run by the federal government. Many … Continue reading
Here’s a recipe for disaster: “ the Fed will keep injecting money into the economy until growth picks up and unemployment starts dropping significantly.” QE1 and QE2 didn’t work, so now we need QE3. You would think that they’d learn, but remember, these are the same people that didn’t see the 2008 Recession coming and said that everything was fine. Until it wasn’t fine. Not to mention, can you point to anyone, besides bankers, that was actually helped by QE1 or 2? Me neither. [From QE3: Reactions to the Feds big stimulus move – ] On Thursday, the Federal Reserve announced yet … Continue reading
Haven’t covered too much about the economy lately; I hit on the economy so much last year that I want to make sure that we cover other things as well. However, it’s important to realize that the economy is still highly unstable. This means that, at any time, the markets can turn upside down and crash, or fall, or any number of things that will cause an “unsettled period of time.” Like, recessions, depressions, collapse of the dollar, things like that. Remember, we still haven’t recovered from the last recession, though some say that we’re still in it and some … Continue reading
Yup, there’s the spike. I have a feeling that it won’t last as long as some people are saying, but that’s why we prepare, right? Having food storage allows us to “skip” over these price spikes and average out the food costs over a longer period of time. [From And There’s Your Big Food Price Spike – Business Insider – ] From today’s PPI report, this chart measures the sequential change in raw foodstuff (food commodities that go into processed foods). Thanks to the drought, that number reversed two straight months of declines, and surged over 5%.