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Where is the Forest?

Posted on May 27, 2008

Oil Shock - a barrel of Texas Tea sold for over $135 on Thursday.Gas Shock - it cost me $80 to fill my 17 gallon tank this week.Milk Shock - at $4 a gallon, it cost almost as much to put milk on my cereal as gas in my car.Housing Shock - median home values have fallen over 10% in past year.Bank Shock - banks don't want to lend you money, lend your company money, or even lend other banks money.Big Daddy Bernanke, after dropping the discount rate 325 basis points since last September to 2%, said he does help out and with 4% inflation, we are going to figure it out for ourselves.Any questions on ...

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bernanke , discount rate , gas , inflation , lows , oil