The Dow had it’s record highest point gain today up almost 940. Although it was up a bit today, Oil prices have been retreating and have been steadily below $90/bbl for several days. And have you noticed the price of gasoline has also been declining?

Of course, we all know it’s not over yet, but it’s good to see some positive signs. Unfortunately, the price of diesel fuel has not come down with trhe price of gasoline, apparently due to supply issues worldwide. And this will keep the price of consumer goods general higher. Seems like[...]

“Everyone knows…” are words I’m getting tired of hearing.  It is a subtle form of manipulation by forcing one to either immediately agree or disagree and by disagreeing become an outsider.  Katie Couric this evening says “The world’s oil problems all come down to the laws of supply and demand”.  Careful here.   On the [...]

Just when you thought you couldn’t afford to go on summer vacation, just when you thought the ONLY answer to rising gasoline prices was a “gas tax holiday“, just as various states are complaining they don’t have enough tax money collected to pay for road work, now oil prices fall to a 3 month low of [...]

Let Friday, early news about a plan to broadly expand the power of the Federal Reserve was released.  Evidently the plan will be formally announced in a speech by Treasury Secretary Paulson.
I’m a bit out of breath.
McGehee was the first I saw to make mention that something like this was seriously in the works.  He [...]

Wow, the Federal Reserve has reacted dramatically to the global markets spinning out of control.  According to KCCI TV’s web site this morning, the Fed lowered the federal funds rate to 3.5%:
In a statement on its Web site, the Federal Reserve took the action in view of a weakening of the economic outlook and increasing [...]