According to Rasmussen Reports, 44% of Americans trust Obama more on the economy than Romney. Really? REALLY?!? Under Obama’s administration, America’s credit rating was downgraded for the first time in America’s history. As a result, the cost of borrowing increased. For example, instead of borrowing, say, $100 BILLION from China at 2%, it will now [...]
They're finally figuring it out. The Greek "bailout" deal, the terms of which seem ever-changing, includes "austerity" for the masses, but also includes this gem: From the New York Times, regarding Greece: Ms. Katseli, an economist who was labor minister in the government of George Papandreou until she left in a cabinet reshuffle last June, [...]
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 [...]
