Sunday, October 31, 2010

Going green will make US dependent on China

Rare earth metals are needed for the "green" movement such as wind generators. China has essentially a monopoly on those elements. By becoming less dependent on OPEC oil the US will become more dependent on China. Which is worse? I don't know. But it is something never discussed in the green movement is it?

Thursday, October 14, 2010

Discretionary spending is collapsing

We keep being told that consumer spending is increasing. Maybe, but only because the dollar is falling like a rock and gasoline, food, and other necessities are more expensive now. Discretionary spending is collapsing and is at 10-year lows. The economy is NOT recovering, it is getting worse by the day.