11
Apr 2008
Are we having a crisis yet?
Posted in Current Events at 8:24 am |
Just as an aside, while you’re watching fuel and food prices skyrocket, here’s a note from the Sunnyside Boys:
- The decline of the dollar is not entirely a bad thing. If anything will bring manufacturing jobs back to the US, it’s the cheap dollar. That cheap dollar balances trade deficits, as more Asians and Europeans begin to find the prices for American goods attractive again.
- Texas has long been a land of farmers, and was, for some years in the recent century, a king of oil producers. Rising oil and grain prices may smack your pocketbook, but it’s the best economic news that’s come to Texas farmers and oilmen in many decades.
- Rising fuel costs have done more in one year than three decades of federal legislation to slow down truckers and conserve fuel. Truckers are now voluntarily driving at 60, even 55, in order to conserve fuel.
- There is little like an emerging crisis to get people to consider dramatic lifestyle changes, like getting off the grid or changing religion. When people are too comfortable, they don’t like to take too many risks. In times of trouble, all possibilities are explored.
You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.