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What a crazy week
If you’ve been following the economic news you’ve probably noticed the past couple of weeks have been very crazy. Here’s a quick overview of some of the more significant events that happened lately: September 7, 2008 A bit more than a week ago the US government nationalized Fannie Mae and Freddie Mac, the two biggest…
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Weekend update – September 7, 2008
I haven’t blogged a lot lately so here’s a quick weekend edition update on some stuff. Work Income is starting to go up a bit but still a lot lower than last year. I hope it picks up again as we head into the shopping season. Dollar rally A bit more positive is the huge…
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Sharp rise for the U.S. dollar
After months of decline the US dollar finally took a very sharp turn this month and gained a lot of ground on the euro. In less than a month the USD appreciated from $1.59 per euro to $1.47 per euro. Not only the dollar took a 180-degree but prices of oil, gold and other commodities…
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The bubble is bursting..
Oil ramped up pretty quickly to almost $150 per barrel but that’s last month’s news. Since oil peaked at $147.20 the price has dropped – and fast. As the economy is slowing and people are using less oil the speculative bubble is draining pretty quickly. Yesterday oil reached a low of $120.50 in NY before closing…
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Which country has the lowest taxes?
Forbes has published the latest edition of their Tax Misery Index. The list includes 66 countries and indicates France, the Netherlands and Belgium impose the harshest taxes while Qatar, the United Arab Emirates and Hong Kong have the lowest tax rates. The misery score is the sum of the taxes shown in the colored bars,…