The dollar touched a record low of $1.5651 against the euro and crude oil reached a record $111 a barrel. Grocery costs are expected to go up further with the rise in the cost of wheat. The price of wheat has more than tripled during the past 10 months, making Americans’ daily bread — and bagels…
Tag: stagflation
What’s happening with our economy
Food for thought. A provactive write-up of what’s going on with our economy and where we are headed. Basically, make way for the Amero. In summary: Over time, a much lower US standard of living and a significantly devalued US dollar will make it much cheaper to manufacture in the US again, and 15-25 years…
Bush knows best
Let’s see, Bush says the country is not head into a recession. Yet today, the market fell 315 pts on recession fears, oil pushed past $103 for the first time, the dollar hit another low against the euro, US Midwest manufacturing activity “plummeted” in February, consumer setiment slumped to a 16 year low. Yep, Bush…
Stagflation = Start Saving Your Money
Stagflation = Stagnation + Inflation. Which is where we are heading right now. It means, high prices for food and commodities, while at the same time, there’s no economic growth, no job growth. It also means, start saving. Hold off on big ticket items if they’re not necessary. Cut short the vacation, maybe start thinking…