“Technically the recession may be over.” – Ben Bernake (emphasis added). Oh really Mr Fed? It sure aint for working people, particularly in California – 12.2%. And Remember these numbers are only for people receiving benefits so add a couple percent…
Let us all hope democracy can prevail over tyrany and let us further hope that it can be done peaceably. We’ll be keeping an eye on this – along with everyone else.
As if we didn’t have enough to worry about in these dismal economic days, the government’s policies implemented in an attempt to avoid a total economic collapse after-effects will be felt for years to come.
The currency-in-circulation component of the monetary base — which prior to the expansion had comprised 95% of the monetary base — has risen by a little less than 10%, while bank reserves have increased almost 20-fold. Now the currency-in-circulation component of the monetary base is a smidgen less than 50% of the monetary base.
Lets look at a graph of the current monetary supply:
Hey, at least all that money you just lost will be worth a lot less: Get Ready for Inflation and Higher Interest Rates.
The pirce of a barrel of oil is again on the rise. If you can recall the sky rocketing oil and gas prices were one of the firs signs of the coming econmy crisis back in 2007. And here we are with the economy in the dumps and oil is shooting towards the triple digits. But could it possibly go to $250? Thats just crazy – nobody can afford to drive as it is!
The Guardian says it’s possible.
Edit: Oil finished at $72 today.
I’ve been experience technical difficulties, but will be back soon. Until then, everyone enjoy Memorial Day and the unofficial start of summer.
Branching out a little bit from the usual depressing banter about the economy and government action, let’s take a break and appreciate the majesty of the universe. Behold a series of photos that the Cassini-Huygens spacecraft recently took during its orbit of Saturn. Truly astounding to think that these pictures were taken by a man made craft that is now over 1.5 million miles away – with the rest of the universe beyond…The pics:
And this view of the sun be eclipsed by Saturn’s largest moon Titan with a smaller moon, Rhea, in the foreground.
Check out the rest at The Mail. And check out the webpage for the NASA Cassini mission.
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Is America Psychologically Devolving?
November 10, 2009Phiallawyer and Dr. Rob Discuss the decline of American culture and reality television:
“I have no problem with people consuming garbage art. It’s comfort food for the brain, and if you like it, have at it. The problem is, a lot of people seem to be obsessed with becoming part of this new “celebrity.”’ – Philalawyer
Philalawyer and Dr. Rob: Is America Psychologically Devolving? – Part 1 « Shrink Talk.
Posted in Commentary | Tagged celebrity, culture, psychology | Leave a Comment »