Why I'm a little worried about the drop in oil

Can't sleep, been thinking about the price of oil, worrying about it to be honest. Now you may be thinking "Venom, what are you crazy? A putz? A drop in the price of oil is a good thing!" And I would reply, yes, under normal circumstances it is.  But these days, things ain't so normal.  Actually, right now, oil is up since yesterday, but it's been in a slide for the past week or so.

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Why Repubs Think the Economy is Great

The recent rash of institutional failures plaguing Wall St. has made big headlines and will only serve to reinforce the dominance of economic issues on the campaign trail.  But these high-profile financial diasasters actually obscure a more dramatic development in the economy that is leaving Republicans panicked and speechless with nowhere to turn.  The Republicans would be in deep, existential trouble on the economy even if the major lending institutions were still doing just fine.

The bigger problem for Republicans is that the very way they measure the health of an economy is going the way of the dodo.  What terrifies them (and what should terrify you) is that the economy we live in today (minus recent spectacular failures) is the economy they created by design, partially to win votes. No, I'm not kidding.

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Sign of the times: $.99 says they can't sell for under a buck!

While Larry Kudlow and the rest of the neo-con Kudlowites are telling you the economy is Goldilocks, reality is trying to remind us that things aren't so golden.

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Manufacturing Monday: Gustave's effect on energy & manufacturers

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By now, Hurricane Gustav is ravaging the great city of New Orleans and the surrounding Gulf Coast.  Our hopes and prayers goes out to the good folks of the area.  Well you probably have guessed, that Johnny Venom would've found the economic angle on all this.  Rest assured, fellow Kossacks, I won't let you down!  But once again, I do hope for the best for the folks aflicted by Gustave.

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Manufacturing Tuesday or Monday part deux!

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Yesterday I had hit on the situation going on with the automakers.  Originally, I had intended to include some other stories, but the first piece was large enough (perhaps too large?) that I realized that I had to push the other pieces. Well, as promised, we got some interesting stuff. First on the auto front a cool piece on zero emission cars.  Next we got fallout from biofuels and water preservation.  Third, it seems the Chinese aren't so thirsty for the black stuff right now. Lastly could the current woes Australia's mining sector tell us something?

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Diaries

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