Economics 101 – Friday Edition

Just in case your Friday evening gave you a chance to breathe a little easier, maybe let your mood turn a bit optimistic – let’s dash all of that.  Hate to do it to you, folks, but there’s another reminder that the economy is tanking. All parts of it. But it all starts with housing…

House of Cards: Collapse of the Mortgage Market

From tent cities and food rationing to $4 a gallon gas, you just want to shake your head and wonder what country we’re living in. The housing market and all the banks associated with it are a house of cards. And the wind is blowing […]

Oh, yeah.  Gas prices are a problem, too…

US Ship Fires On Iranian Boats, Oil Prices Rise

Oil prices rose sharply Friday on news that a ship under contract to the U.S. Defense Department fired warning shots at two Iranian boats. Retail gas prices as expected rose further into record territory, nearing $3.60 a gallon. Word that a U.S. ship had fired on the boats in the Persian Gulf raised concerns that a […]

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