OPEC sells oil for $139.00 a barrel.
OPEC nations buy U.S. grain at $7.00 a bushel.
Solution: Sell grain for $139.00 a bushel.
Can’t buy it? Tough! Eat your oil!
Ought to go well with a nice thick grilled filet of camel ass!!!
According to The Economist, the housing market is declining faster than it did during the Great Depression. Here’s the article, it’s a quick read.
During a year when the company’s stock dropped 81%, 10,900 jobs were slashed, and the whole country is struggling with the subprime crisis… Angelo Mozilo, the CEO of Countrywide, is going to earn over $300 million personally. Here’s more
Vladimir Putin may be the richest man in all of Russia and Europe. Although it is not entirely clear, a recent assessment estimates his wealth at over $40 billion. He apparently has major equity in many companies held through secret offshore trusts that are difficult to link back to him.
>Here’s more
This is a clip from a British show called, The South Bank Show. Incredibly brilliant take on the current subprime crisis.
I will never spend another dollar at Walmart as long as I shall live. I just watched the movie Walmart: The High Cost Of Low Prices, they are perhaps the most evil corporation in the history, and I believe they are destroying America, with an astounding amount of devastation already done. They get over $1 billion dollars a year from state and local governments in the form of subsidies in order to build new locations. Those locations inevitably put the local businesses out of business. Those locations pay their employees such low wages, and offer such horrible health care, that most of their employees are on government aid including Welfare and Medicaid.
People think they save money when they buy something at Walmart, but the low price is completely artificial, and has aleady cost you way more than the $1.42 you saved.
You should watch this movie, Walmart is a nightmare!!! Love America, Hate Walmart!!!!
Today China signaled its intent to diversify their $1.43 trillion holdings in favor of stronger currencies. That is a whole lot of downward pressure on an already weak dollar. If you have some money to invest I suggest buying some Euro’s versus the USD. Here’s a good site where you can set up an account and trade some currency. Here’s more on today’s news.
The number of vacant houses in the US has skyrocketed to unprecedented levels, adding fuel to the fire, that the prices may come tumbling down.
This site shows your salary in real time, breaks it down to earnings per second. Pretty cool, check it out.
I just read an interesting article in Slate that points out how when Hollywood latches on to what’s happening on Wall Street it’s time to sell. By the time the movie gets developed or book gets written the trend is over. They cite numerous examples, check it out.
