Oil to $113.78
Yay? I see $4.35/gal. at the stations now. I predict $5.00/gal by June, and $6.00/gal by September, with $7.00/gal by Xmas. So do others, but they see tripling the money supply as the cause.
My continued polling of coworkers yields various levels of denial, confusion, and outright lies. The liars are the ones who say "I'll find another job" when they've held this one for years and have ignored jobs literally down the street in order to maintain the status quo. Very few say they would move closer to work, mainly because work is making itself very unfriendly towards real-world human beings who need to pay for things like rent and health care expenses. Wages are falling. This is the continued unraveling of Western Civilization. Most of us are applying elsewhere. Few of us get replies, much less interviews. Some eventually vanish to a new job, but most of those are leaving the region for healthier economies.
For those who don't know, the PRK (California), wasted large sums of money on various things (bribes, parties, extortion, bribes, prisons, "programs" (bribes), payoffs, and bribes) and now is left with a huge bill once the Free Money ended. Taxes are expected to become very very VERY high, and additional spending is required to build post-oil infrastructure just to allow anyone to work. San Jose, for instance, announced they want to build a major rail station. A good idea since the old station in Emeryville (near oakland) is a great place to dump a dead hooker. A pity since it was pretty and was used until the 1960's. Much of the PRK has yet to complete the housing bubble burst. Those which have now possess 45-65% unemployment rates. Riverside, Stockton, Sacramento have burst. SLO, San Diego, and LA haven't yet. The Bay Area is about halfway down. I predict a $65K house in Fremont as average price by 2014.
The unemployment rate here is deceptive, and so very important. Those people vote. When you go to school (and debt) for a new degree, you don't count as unemployed. When you stop looking for work out of despair and live on your family charity, you don't count as unemployed. The Fed Govt is BIG on ignoring all these marginalized people. Of course, the PRK is also cutting funding for higher education so anyone going to school? Watch out. It may COST YOU BIG. So far the only good news in the PRK is we've had enough rain that the drought is over. But efforts to cut water waste means that there isn't enough money to pay for repairs on the aqueducts and pipes so the Bay Area is going to raise rates (better than double) to charge you more to pay for those repairs. So the more you save, the more you pay! Isn't that great? And people wonder why I'm sarcastic...
My continued polling of coworkers yields various levels of denial, confusion, and outright lies. The liars are the ones who say "I'll find another job" when they've held this one for years and have ignored jobs literally down the street in order to maintain the status quo. Very few say they would move closer to work, mainly because work is making itself very unfriendly towards real-world human beings who need to pay for things like rent and health care expenses. Wages are falling. This is the continued unraveling of Western Civilization. Most of us are applying elsewhere. Few of us get replies, much less interviews. Some eventually vanish to a new job, but most of those are leaving the region for healthier economies.
For those who don't know, the PRK (California), wasted large sums of money on various things (bribes, parties, extortion, bribes, prisons, "programs" (bribes), payoffs, and bribes) and now is left with a huge bill once the Free Money ended. Taxes are expected to become very very VERY high, and additional spending is required to build post-oil infrastructure just to allow anyone to work. San Jose, for instance, announced they want to build a major rail station. A good idea since the old station in Emeryville (near oakland) is a great place to dump a dead hooker. A pity since it was pretty and was used until the 1960's. Much of the PRK has yet to complete the housing bubble burst. Those which have now possess 45-65% unemployment rates. Riverside, Stockton, Sacramento have burst. SLO, San Diego, and LA haven't yet. The Bay Area is about halfway down. I predict a $65K house in Fremont as average price by 2014.
The unemployment rate here is deceptive, and so very important. Those people vote. When you go to school (and debt) for a new degree, you don't count as unemployed. When you stop looking for work out of despair and live on your family charity, you don't count as unemployed. The Fed Govt is BIG on ignoring all these marginalized people. Of course, the PRK is also cutting funding for higher education so anyone going to school? Watch out. It may COST YOU BIG. So far the only good news in the PRK is we've had enough rain that the drought is over. But efforts to cut water waste means that there isn't enough money to pay for repairs on the aqueducts and pipes so the Bay Area is going to raise rates (better than double) to charge you more to pay for those repairs. So the more you save, the more you pay! Isn't that great? And people wonder why I'm sarcastic...