American income and spending growth, saving rate

Happened to see this from CBS evening news today. The story is titled “Credit Crunch Takes New Face”, and it talks about the credit card crunch for average consumer. “The average American has nine credit cards and owes more than $16,000, not including mortgages…This decade, real wages went up 4 percent while credit card debt […]

Can We See $2 Gas Coming?

It looks like it. The unusually warm Winter in the US. The continuing cut of OPEC’s crude production. The change of hands in US congress (oil companies’ friends are no longer in charge). The emerging of alternative energy: solar is reality now, just by looking at the solar Panel manufacturers’ IPOs on the Nasdaq lately. Not surprisingly, […]