- Posts tagged economy
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China teetering?
NY Times story reveals proof for anyone with open eyes that China's prosperity is a fragile thing. For decades China relied on a stream of people flowing into the city. Now they're pushing them out by demolishing schools. Brand-new cities standing empty are a warning of frightening things to come.
Food prices are going up
And up. Is inflation a myth? Nope.
Here are a few reasons why you can count on higher prices:
1. The dollar is being trashed. It's a lot more simple than the talking heads are letting on. Here's how it works. Print more dollars and, with nothing to back those dollars up, each new dollar is worth less and less.
2. Emerging countries have a growing middle class and this creates more demand for the same items. They have more money to bid for those items, plus their money is worth more than it used to be.
3. Droughts and reduced food exports in some places are making food scarcer, and thus more expensive. Food inflation in India is running over 10% a month.
Click the link under the photo for more.
VegasBaby.com
Thoughts on the economy and more from Frank Schilling, the man who bet it all on the future prospects of the internet and developed key domain names into a nine-figure fortune.
India Billionaires Go On Buying Spree in `Last Frontier' Africa - Bloomberg
Well, at least someone has money to burn. Follow the link to Bloomberg and read about Mr. Karuturi and others who are investing in Africa.
Will we work for them?
What do you think of this ad? True or not?
Why are stocks going up a bit?
Answer: the dollar is dropping like a piano falling out of a window in a silent movie comedy.
If the dollar is worth less, stocks denominated in dollars will go up in price.
If gold was worth $20.67 when FDR confiscated it in the 1930's but is worth $1350 now, has gold become more valuable or has the dollar lost 95% of its value?
The beginning of the end of mini-med and limited-benefit plans
McDonald's looking for a waiver or else it might have to drop its health plan for almost 30,000 hourly worker. Ultimately up to 1.4 million Americans could be affected by something the Wall Street Journal is referring to as "the U.S. health overhaul.'
We're not familiar with this overhaul nor why it may impel companies and colleges to alter or drop health insurance coverage.
Does anyone know what the WSJ is talking about?
Congress should look into this. It's never good when Federal legislation has such profoundly negative effects on people's lives.
GM Volt's will sell for $41,000 and will go a whole 40 miles
You've got to be kidding me. They are going to charge $41,000 for this thing and it only goes 40 miles! That will barely get me to work. No, really.
U.S. Identifies Vast Riches of Minerals in Afghanistan
"The previously unknown deposits — including huge veins of iron, copper, cobalt, gold and critical industrial metals like lithium — are so big and include so many minerals that are essential to modern industry that Afghanistan could eventually be transformed into one of the most important mining centers in the world, the United States officials believe."
This could get interesting.
