Monday, June 06, 2011
Thursday, January 22, 2009
Sharp increase in unemployment rate
A sharp increase in jobless claims means we are sliding into a severe recession and could go into a deep depression. Nothing funny about the current state of commerce. Hugh piles of containers are at the dockyards, and new car lots are full imported vehicles that are not selling. Our trade deficit may go down because people are buying a lot less MADE IN CHINA at the dollar store, and since more food is grown in the US than anywhere else, this could mean that we will see our economy improve down the line.
However, for the near view, we see more trouble as banks fail and our economy begins to implode. People using remote viewing say that the future price of gold will hit $2,000/oz.
Posted by HDRKID at 5:58:00 AM 0 comments
Labels: cars, future price gold, jobless
Monday, December 22, 2008
Toyota loss
Back in August 2008 when oil was $147/b and gasoline was over $4/gallon sales of the Toyota Prius were red hot. Well, yesterday I saw the owner of a used car lots, more than one. He is full of hybrid cars. Like ten Toyota Prius hybrid cars unsold and sitting there. They are not selling because gas is now under $2/gal. Sales of Ford F150 Pickup trucks is up!
Toyota reports first ever operating loss. This tells us that people are not buying hybrids; they are not buying small cars anymore, instead they are back to getting the old big ass SUV. People please, we hit peak oil in 2005. The price of oil will go up, gasoline will be rationed in the future.
Posted by HDRKID at 8:44:00 AM 0 comments



