GMAC-WTF?

   An odd news blip on NPR caught my eye yesterday. It seems the mortgage side of GMAC halted all foreclosure processes in 23 states yesterday . As is usual with the now impotent NPR, no reason was given. A search of Bloomberg Business News revealed little more by way of explanation and explication. IContinue reading “GMAC-WTF?”

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A Saudi Collapse

I expend a great deal of time analyzing the fragilities and pressure points of our industrial system and while there are many possible scenarios impacting on oil supply and production, one of the more likely would be a collapse  and overthrow of the Saudi Royal family. This spring Al Qa’eda suggested that it might beContinue reading “A Saudi Collapse”

No Jobs=No Future

      An hour ago I was driving back from Jackson listening to a segment on NPR entitled”Barely getting by”, dealing with the issues of low wage employment. The figure that caught my attention was since the 1970’s, wages corrected for inflation have fallen 20%. I had previously read that real wages since the 80’s haveContinue reading “No Jobs=No Future”