Gas Prices Rising: Why, Again?

In a prominent article in yesterday's Richmond Times Dispatch (front page, above the fold), the paper reported that gasoline prices could reach $4 per gallon by June. The article went on and on about middle east tensions, "risk premium," "the Iran factor" and so on. Interestingly, the word "demand," as in "gasoline demand," appears only [...]

By |2012-02-18T20:19:12-05:00February 18th, 2012|Economy|1 Comment

Expansion? WHAT EXPANSION?

Bloomberg: Federal Reserve Chairman Ben S. Bernanke signaled he’s concerned Europe’s crisis will hobble a 2 1/2-year U.S. expansion that may need another boost from the central bank. The economy allegedly "grew" at about 2% this fiscal year. In the meantime, the federal government borrowed and spent the equivalent of 13% of GDP. SO if [...]

By |2011-12-14T19:03:42-05:00December 14th, 2011|Economy|0 Comments

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