Posted on 02/08/2016 10:41:41 PM PST by george76
Gas prices in Chicago are still falling, but the price at the pump is having a negative impact on the economy.
...
as the cost to fill up your tank goes down, could this also be a sign -- the economy is tanking? Commodities trader Scott Shellady thinks so.
"It's bad for everybody. We are going to lose one-fifth of the jobs we created in 2008," said Shellady.
And he doesn't expect a market rebound anytime soon. So if you were hoping to cash in your 401K or IRA and retire in the next year, Shellady says, rethink your plans.
"The stock market is going to take a long time to recover. We need something new to boost the economy," Shellady said.
(Excerpt) Read more at abc7chicago.com ...
“As for the price of electricity, there are bloody few places where there are oil fired power plants.”
Maine is still one of them.
“At the time, I had no running water, and an outhouse was the ‘facility’, with temperatures reaching past fifty below zero (not counting wind chill).”
In the old house we had one too, though only for one winter. Kids burned it down that second Halloween. I didn’t see -50, only a balmy -47 (we were on the coast so had the benefit of such warmth as there was coming off the sea ice) but at least the open face well didn’t freeze. The indoor convenience and running water was put in the next year. One night I started to use it (the convenience) in the dark and guess what splashed back and why!
NY indeed!
Yeah, everyone gets grumpy waiting for the first to go out and warm up the seat...then the first opens the door and there is a line. You seem to know the drill.
Thank you. I appreciate your explanation.
Hong Kong has some of the lowest cooperate income tax in the world, also a flat low personal income tax, and low or no capital gains tax, it is little wonder why their economy is going strong.
ObamaCare is more than equal to the task, all by itself.
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