David Furlonger here. According to recent data from Mastercard: the amount of gasoline being consumed by the US consumer has declined dramatically over the year. Not surprising you might think based on oil price rises. However, the data Mastercard has collected also shows that consumption has NOT risen even though the average price at the [...]
Entries Tagged as 'oil'
by Kristin Moyer | November 4, 2008 | 1 Comment
by Kristin Moyer | October 24, 2008 | 2 Comments
David Furlonger and Keith Harrison here. What value is there in money…? The recent fall out in the financial markets has brought into glaring focus the value of underlying assets. Speculation using derivative contracts based on spurious values for and actuality of real assets has come undone, and the whole notion of ‘promise to pay’ [...]