zzzz
Just a regular American
First time jobless claims rose 35,000 last week while experts expected a decline of 5,000. Biggest one week jump in 6 months. Factory activity also rose less than expected. Could this be an effect of the rise of oil? Meanwhile world food prices have reached record levels. and may go even higher. For November, China's exports to the USA: $25.63 billion, US exports to China: $9.5 billion. China's financial reserves are exploding.
Energy prices? With China's continued demand for more and more oil the cost of oil will continue to creep up. Will we see $100 a barrel oil soon? Remember the last oil spike preceeded and was an underlying cause for the recession. The indicators are there for another downturn and this one may be worse.
http://www.bing.com/search?q=financial+bailout&mkt=en-us&FORM=HPNTLB&PC=HPNTDF
Energy prices? With China's continued demand for more and more oil the cost of oil will continue to creep up. Will we see $100 a barrel oil soon? Remember the last oil spike preceeded and was an underlying cause for the recession. The indicators are there for another downturn and this one may be worse.
http://www.bing.com/search?q=financial+bailout&mkt=en-us&FORM=HPNTLB&PC=HPNTDF