Monthly Archives: May 2008

In June 2007, I noted that 80 US Mortgage Lenders had then gone bankrupt since late 2006. We predicted that many more would follow. Today, less than 1 year later, the number has risen 225% to 260 according to Lender … Continue reading →

Following up on my entry from last week and its graph of per capita oil consumption rates, this site gives us the 2008 breakdown on a country basis. Here we can see that although Canada is number 2 for per … Continue reading →

The drag of present oil prices is evident today in Japan’s trade surplus data for April. Japan’s trade surplus (exports over imports) “tumbled by a worse than expected 46.3% in April due to the rising cost of energy imports and … Continue reading →