The main reason the DOW went from less 1000 in 1980-82 to 15,000 is mostly because of the federal debt went from $1T to $12T plus off the books stuff like pensions, Fan+Fed takeover, etc. Then there is local government and private debts.
The industrial production of our country has been shrinking. The services industry does [...]
1) low oil prices means ALL R&D $$$ for ALTERNATIVE fuel/energy sources dry up, because NO one wants to invest in something that may have greater benefits in the long run because current prices are so low which is insane, because for some reason,people suddenly forget the problem we had just a few months ago [...]
I would have the government fund the construction of wind mills, solar energy, and other alternative energy infrastructure. T Boone Pickens has developed plans to do this, which have been put on hold now that oil prices have dropped. Therefore, the government should fund these projects if it can’t bring itself to tax oil as [...]
Flashback a few milleniums.
And Pharoah said, “I had a dream in which I saw 7 wonderfully fat cows grazing by the river, and then I saw 7 anorexic cows come and devour the fat cows!” “What does this mean?”
And Joseph said, “The Lord has shown you that 7 years of famine are coming. But, He [...]
Cost Of Bailout Hits $8.5 Trillion-Total sum represents 60 per cent of GDP
“The total cost of funds committed to the bailout in its various guises has now hit $8.5 trillion dollars, up from $7.7 trillion in just two days after the federal government committed an additional $800 billion to two new loan programs on Tuesday.
The [...]
At least for the moment he still sticks to one of his campaign promises on energy although it is suicidal to his political future and the economy of this great Nation.
Sheeples, Oil will go back up to $148 and higher when the recession ends. Prepare to walk to work if you still have a job. [...]
Why can’t we develop alt energy while using current, more affordable supplies.
Why do we always have to villify someone? Why can’t we let oil companies run their business and use our current resources to bring the price of alternative energy down to be more cost competitive.
While necessity is the mother of invention, if [...]
The industrialised world is no longer. Just as the agricultural world gave way to industrial revolution of the 19th and 20th centuries. The industrialized world as we know will give way to another world. Financial world perhaps since the developing world of the 20th century is now becoming the industrialised world of the 21st century. [...]
Stumble It!