Unemployment, food prices, energy prices increase

Discussion in 'Economy' started by zzzz, Jan 13, 2011.

  1. zzzz
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    zzzz Just a regular American

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    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
     
  2. waltky
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    waltky Wise ol' monkey Supporting Member

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    Unemployment not gettin' better...
    :eek:
    Gallup poll points to worsening employment figures in US
    Saturday 19th February, 2011 - A finding by Gallup in the US has shown unemployment is rising, not falling.
     
  3. B. Kidd
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    B. Kidd Gold Member

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    Little debbie blueberry muffins went up a dime.
    Bummer!
     
  4. waltky
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    waltky Wise ol' monkey Supporting Member

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    Calming the oil markets down some...
    :cool:
    Oil lower after Libya cease-fire call
    March 18, 2011 -- Oil prices ticked lower Friday after Libya declared a cease-fire following a United Nations' vote for a no-fly zone over the nation.
     
  5. waltky
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    waltky Wise ol' monkey Supporting Member

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    Speculators drivin' up oil prices - again...
    :eusa_hand:
    Oil Prices Rise; All Eyes on Middle East, Japan
    03/22/11 --- Oil prices rose again on Tuesday, as the combination of Middle East geopolitical tensions and Japanese rebuilding after the devastating earthquake and tsunami continue to dominate market sentiment and energy prices. It was the second consecutive day for higher oil prices and the energy sector, while trading in the red in the afternoon on Tuesday, was down less than the broader markets.

     
  6. waltky
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    waltky Wise ol' monkey Supporting Member

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    Looks like dat double-dip recession is just about upon us...
    :eek:
    More People Applied for Unemployment Benefits
    Thursday, April 28, 2011 Washington (AP) - More people sought unemployment benefits last week, the second rise in three weeks, a sign of the slow and uneven jobs recovery.
    See also:

    Economy Slowed by High Gas Prices, Bad Weather
    Thursday, April 28, 2011 Washington (AP) - The economy slowed sharply in the first three months of the year as high gas prices cut into consumer spending, bad weather delayed construction projects and the federal government slashed defense spending by the most in six years.
     
    Last edited: Apr 28, 2011
  7. Zoom-boing
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    Zoom-boing Gold Member

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    Coffee is up 120%

    :ack-1: :ack-1: :ack-1:
     
  8. code1211
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    code1211 Senior Member

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    After reqding most of your post I came across the part on the $100/barrel and thought WTH?

    Then I checked the date.

    Between that post and now, the sputtering, faltering economy has reeled along like a drunk falling down in his own vomit while the media proclaims an ever improving economy. We are in ever deepening poop and the clown at the wheel is lying about his lies.

    Maybe when Oprah retires, this empty suit will take over her show.

    Probably not. He's not qualified to do that job either.
     
  9. Annie
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    Annie Diamond Member

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    This isn't going to brighten anyone's day:

    Don't Mean To Be Rude, But The Economy Sucks

    It just goes on from there. Not much of a silver lining to be found.
     
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  10. Old Rocks
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    Old Rocks Diamond Member

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    Lordy, lordy.

    Oil prices are rising as demand from Asia creates increasing pressure on a supply that has nearly peaked out. New discoveries are way behind use.

    Almost every year for the last decade, the world grain reserves have shrank, even as population increased. And the increaingly wierd weather has started to decrease those reserves even further.

    We shipped much of our manufacturing overseas, even as we kept the real earnings of the previously blue collar middle class worker at the same level for almost 30 years. This has been very nice for the very wealthy, and, of course, they deserve another tax break for managing this so well, but now most of the previous blue collar middle class have joined the working poor.

    Now, much to all of the numbnuts surprise, the cost of food and fuel is ramping up. Even as wages and real income is declining for most of us.

    Of course, I am still doing very well, so I should be telling all of you with problems that you are a bunch to dumb asses, and don't deserve to be able to buy both food and fuel, correct?

    Well, hang on folks, this ride has only began.
     

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