Tag Archives: oil prices

Sleepwalking into calamity

After the last State of the Union address by our Nobel Peace Laureate, bromide/memes like the above circulated freely on the Internets. This one was at least smart enough to leave lower gas prices off the list. You probably shouldn’t draw people’s attention to the fact that oil prices have fallen off a cliff because […]

Worst stock market opening ever

I want to capture this moment, because (depending how things change), people might not have this on their radar screen a month or so from now. Remember, I warned you. The Stock Exchange lost over 5% of its value in the first week after New Year’s, and lost over 900 points. That makes this the […]

Economic storm on the horizon

The basics: the Fed has announced a rate hike (the first since the Lehman crash in 2008) and the Dow is wobbling. Today (Friday) the Dow was down almost 370. While Wall Street has ample selfish reasons to wish for permanently ‘free’ money from the Treasury, the reality is that Janet Yellen’s actions are (to […]

Heat waves 2015–thousands dead already

the iconic photo from India, where a recent heat wave melted asphalt. From Hindustan Times. We’ve been treated (if that’s the right word) to a number of heat waves already this year. The northern hemisphere is currently home to record temperatures all over Europe. England had the hottest July day on record on the First […]

$22,000,000,000,000

Twenty-two trillion dollars. I thought I’d write it out. That’s not some random number I came up with off the top of my head–That’s the number from a study by the Government Accountability Office, and it’s their best guess of the money lost when the economy went off a cliff in the summer of 2008. […]