OIL NOW AT $130! What will be the resolution of today’s high oil prices? The best, first approach in analyzing anything is to look back at any historical parallels we can find. The two oil crises of the 1970’s pop immediately to mind. Thus I just printed out a few online histories, including...
Global Inflation a Problem . We’ve got a growing problem with US and global inflation, no matter what our Federal Reserve Bank says. Although our Fed ignores them, or says they will go down soon, food and energy costs are rising and global, right? Thus higher inflation is a global issue. ASIA . Many...
ECONOMIC VIEW . Three points to think on today: Lucy heard the term on “ stagflation ” on CNBC early Tuesday morning and asked me what it was. I replied that stagflation was when inflation was rising and problematic … and … the economy was almost at stall level or shrinking. And that it happened to the...