I heard on the news today that one of the large oil refineries is going to cut production because the cost of oil is more than the price of gasoline, so they cannot continue to produce until the price of gasoline goes back up. Excuse me. This is the same oil refinery that six months […]
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Looks like we dodged the bullet one more time and the whole global financial system is not going to implode after all. The stock market has recovered somewhat, and banks are getting assistance from government. The financial life of the world goes on. But have we learned anything from this near-disaster? Is anything going to
The financial news is dismal right now, and it doesn’t look like it is going to improve any time soon. Friday’s Dow saw a dramatic drop of 660 points, and the European and Asian markets also took a nosedive in early trading. Banks around the world are in trouble, and Britain is threatening legal action