Month July 2008

Is the Fed deliberately allowing inflation

Gary Dvorchak at TheStreet.com says maybe so. So far, the Fed has decided that allowing lenders to absorb all of the losses they created would wipe out our financial system, so by necessity, the losses are going to be borne…

Silent tsunami in the heart of America

Bruce Sterling on the recent midwest floods. In order to imagine food prices going down, you have to hypothesize weather problems receding and fuel prices lower. And if ending a war is supposed to patch that, you have to imagine…

Impact of $7 a gallon gas

Earth2Tech details the scenarios that $7 gas would create, which include stagflation, fewer cars on the road, and families spending more on gas than food. While this would eventually lead to less pollution and carbon in the air, the getting…