The Krile Files

Election Day Economy

February 5, 2008 · Leave a Comment

If you’re not already glued to the TV or computer, watching election returns and analysis, here’s something worth spending a few minutes on. Our economy, after all, is pretty much tanking. Here’s why. You can probably guess the starting point…

Barrelling into recession

Cheap oil and the quest for the American Dream house blew up in our faces. It’s explained in Something Had to Give How Oil Burst the American Bubble By Michael T. Klare “Over the past decade, this country has squandered approximately one and a half trillion dollars on imported oil, much of which has been poured down the tanks of grotesquely fuel-inefficient vehicles that were conveying drivers [...]

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Categories: Economy · Housing Market · Oil Prices

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