Posted on 02/26/2008 6:50:58 PM PST by Flavius
Coal prices are up 50% in the spot market in some locations, if you could get spot coal. More then likely if your utility needed spot to meet load they will be chasing it to the ports as it leaves the country.
In the southeast with drought conditions and tight coal, a capacity crisis looks more probable than not.
High cooling bills are in the offing this summer.
Coal prices are up 50% in the spot market in some locations, if you could get spot coal. More then likely if your utility needed spot to meet load they will be chasing it to the ports as it leaves the country.
In the southeast with drought conditions and tight coal, a capacity crisis looks more probable than not.
High cooling bills are in the offing this summer.
The housing market is not immune to supply and demand , consumers continue to spend. We have full employment. Prices are up, but prices are catching up to wages and spending.
Other than that I am not sure. Just because I have a headache, doesn’t mean I have brain cancer.
And double posts are going through the roof!
Good point. Many sectors will be flattened. But those over 50 were at least raised on depression and WW2 stories. Those under thirty think that life is cotton candy.
You seem to know the truth about over the counter derivitives. It is amazing that these etherials have even been allowed to exist. They will be our economic undoing.
Why, then, has Berhnanke telegraphed that he is going to lower rates to 2.5% (50 basis points) two weeks from now?
“Several brokerage houses tumbled; blue-sky investment companies formed during the happy bull market days went to smash, disclosing miserable tales of rascality; over a thousand banks caved in during 1930, as a result of marking down both of real estate and of securities; and in December occurred the largest bank failure in American financial history, the fall of the ill-named Bank of the United States in New York.” ~~"Only Yesterday: An Informal History of the 1920’s" by Fredrick Lewis Allen
With global warming having wiped out the crops for 1.5 billion Chinese, why should anybody be surprised at rising food prices?
The crisis of the abuses of banking is arrived. The banks have pronounced their own sentence of death. Between two and three hundred millions of dollars of their promissory notes are in the hands of the people, for solid produce and property sold, and they formally declare they will not pay them. This is an act of bankruptcy, of course, and will be so pronounced by any court before which it shall be brought. But cui bono? The laws can only uncover their insolvency, by opening to its suitors their empty vaults. Thus by the dupery of our citizens, and tame acquiescence of our legislators, the nation is plundered of two or three hundred millions of dollars, treble the amount of debt contracted in the Revolutionary war, and which, instead of redeeming our liberty, has been expended on sumptuous houses, carriages, and dinners. A fearful tax! if equalized on all; but overwhelming and convulsive by its partial fall.
Everything predicted by the enemies of banks, in the beginning, is now coming to pass. We are to be ruined now by the deluge of bank paper, as we were formerly by the old Continental paper. It is cruel that such revolutions in private fortunes should be at the mercy of avaricious adventurers, who, instead of employing their capital, if any they have, in manufactures, commerce, and other useful pursuits, make it an instrument to burthen all the interchanges of property with their swindling profits, profits which are the price of no useful industry of theirs. Prudent men must be on their guard in this game of Robin's alive, and take care that the spark does not extinguish in their hands. I am an enemy to all banks discounting bills or notes for anything but coin. But our whole country is so fascinated by this Jack-lantern wealth, that they will not stop short of its total and fatal explosion.
~~Thomas Jefferson to Dr. Thomas Cooper, 1814
Have you any remembrance of the Jimmy Carter years?
Cheers!
I Dont like it
I don’t share that view. Most young people I know are really cynical. Jaded. They seem to expect the worst. You know... They think they missed the American Dream and have no chance to do as well as their parents.
Well their lack of hope gives me hope.
Nah, it’s hopeless. ;)
So, the economy is great?
One can only hope. G’nite.
Hope you realize I was only joking. Well I thought it was funny...
I dont look forward to it
I know quite a few people in their 40's and 50's who will be in for quite a shock.
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