Apples to Oranges, or Why I Don't Buy Bottled Water:
According to JAD MOUAWAD of The New York Times, "Even at today’s highs, oil is cheaper than imported bottled water, which would cost $180 a barrel, or milk, at $150 a barrel." Yes, but I don't drink a gallon of milk or water on my way to work each day, Jad. Nevertheless, the story is well worth a read, focusing as it does on the increase in demand for oil. The best analysis seems to suggest there will be no relief in sight for the next twenty to twenty-five years.
In the meantime, foreign investors are beginning to shift to the Euro as the currency of choice. The dollar is headed for an all-time low, indicating boom times for American exporters, provided they actually have something to export. As you may recall, America ceased to be a producer country some years back. Our economy is based on consumption. Ooops!
How many Mac mansions does it take to create a burst housing bubble?
According to JAD MOUAWAD of The New York Times, "Even at today’s highs, oil is cheaper than imported bottled water, which would cost $180 a barrel, or milk, at $150 a barrel." Yes, but I don't drink a gallon of milk or water on my way to work each day, Jad. Nevertheless, the story is well worth a read, focusing as it does on the increase in demand for oil. The best analysis seems to suggest there will be no relief in sight for the next twenty to twenty-five years.
In the meantime, foreign investors are beginning to shift to the Euro as the currency of choice. The dollar is headed for an all-time low, indicating boom times for American exporters, provided they actually have something to export. As you may recall, America ceased to be a producer country some years back. Our economy is based on consumption. Ooops!
How many Mac mansions does it take to create a burst housing bubble?
Labels: The Economy
posted by Jim | 9:16 AM
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