Oil rises to $80 a barrel as US economy finds temporary growth from trillions of borrowed stimulus money - a long term nightmare looms as commodity inflation spikes with little job growth
Peter Oberois
Oct. 30, 2009

The job growth in the US economy is dismal. The most of the borrowed stimulus money is wasted in creating commodity inflation and bailing out failure in big corporate and banking governance.

The crude oil futures jumped above $80 a barrel. With gold above $1000 an ounce, and dollar at its lowest level, and oil above $80 a barrel, the commodities are finding inflation spike while the overall economy pluges into deeper deepression.

If anything did not work is the stimulus money. The basic mistake the Bush and Obama Administaryion has made is that they failed to understand that the economy in 1930s was not the same as in 2008-2009. The construction spending on Government projects, the unnecessary grants to university reserach programs are all waste of borrowed money that will have to paid now on.

The local Governments face deep vuts. The tax revenue is falling overall. Most of the states are seeing revenue shortfall. The job front is collapsing as many people are losing their lifeline - the unemployment checks.

Car dealerships are closing. People cannot pay their mortgage, credit card loans and education debt service loads. Employers especially small businesses are slowly getting wiped out because of health care cost burden, lack of pricing power, and over all lack of understanding of business climate by the politicians on the right and the left.

Oil rises to $80 a barrel as US economy finds temporary growth from trillions of borrowed stimulus money - a long term nightmare looms as commodity inflation spikes with little job growth
Peter Oberois
The job growth in the US economy is dismal. The most of the borrowed stimulus money is wasted in creating commodity inflation and bailing out failure in big corporate and banking governance.
READ MORE>>

A confirmation of global depression - Japanese auto products nose dives to 34-year low - export market crashed to a 50% down
Kirsten Rabke
The news just confirms the global depression although its is stealth because of coordinated Government propaganda all around the world.
READ MORE>>

NJ payment of $1 million to Goldman Sachs for bogus interest- rate swap agreement is a Repuplican cheap stunt before election but who will prosecute criminally negligent oversight and Goldman Sach's fraudulent behavior?
Special Correspondent
No wonder Goldnman Sachs can give billions in bonuses to their employees in this time of economic depression. No wonder NJ State is busy wating tax payers money to the corrupt wealthy that controls the power base.
READ MORE>>

Economy on life support - 225000 Americans losing their unemployment benefits every month - exploding underemployment
Joe Weinman
The exponential growth in underemployment is alarming. The trend that started in 1981 is exploding now creating devastating effects on the economy.
READ MORE>>

Japan faces deep trouble in exports as China and US markets slowly evaporates for Japan with extremely strong yen
Peter Oberois
Japanese dropped 30.7 percent from a year earlier. Exports to China, Japan’s biggest market, fell 13.8 percent.
READ MORE>>

Get out of stocks now
Sam Adelton
The stochastics, momentum, monetary, econometric and quantitative indicators point to massive risk in stock market. The inflation expectation says stocks are extremely vulnerable.
READ MORE>>

MORE ARTICLES >>