Friday, October 17, 2008

Oil lower is a problem.

http://www.nytimes.com/2008/10/19/magazine/19oil-t.html?_r=1&ref=business&oref=slogin

Be sure to read over this NY Times article about the Price oil and why lower prices are bad for us. Don't agree? As someone who saw the 70's oil crises and the talk of conservation and the effects of cheap oil in 80's-90's it is scary to think we are learning nothing. We must continue to press ahead with alternative fuel source or we risk a much worse oil shock again.

The next problems

http://www.cnbc.com/id/27237207
So question of the day, how to profit from this?
http://finance.yahoo.com/q?s=dre Short maybe?
http://www.bloomberg.com/apps/news?pid=20601103&sid=ajC0ofGADFu0&refer=us
Best example yet of the types of people in charge who got us in to this mess.

Chinese economy has problems

http://www.npr.org/templates/ sto...toryId=95727213

If the chinese economy tanks, what happens? Think Iceland going down was sad, what if the military takes control and a revolution starts in China.