Archive for June, 2009

Japan Succumbs to Deflation as Consumer Prices Fall Record 1.1% – Bloomberg.com

Posted in June 28th, 2009
by yoda in News, Peak Oil, The economy, energy crisis, world events

 
Japan Succumbs to Deflation as Consumer Prices Fall Record 1.1%
 
By Mayumi Otsuma

June 26 (Bloomberg) — Japan’s consumer prices fell at a record pace in May, adding to the risk that deflation will become entrenched and hamper a rebound from the nation’s worst postwar recession.
Prices excluding fresh food slid 1.1 percent from a year [...]

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Taking a Breath on Iran

Posted in June 25th, 2009
by yoda in News, Politics, World War 3, personal, world events

Hmmm some sanity in the Canadian press… How refreshing to see!  Too bad our own media missed the point entirely!
By Diana West Wednesday, June 24, 2009
Having been in transit during the start of the Iranian election protests, I’ve taken a little time to come up to speed on the issue. Scanning English-language (UK) papers [...]

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it’s not the pee bottles update!

Posted in June 23rd, 2009
by yoda in personal, trucking

So today I came to the Flying J  to wait for a load.  Again I saw the proofs that it’s not the pee bottles, it’s that some of us cannot drive.
Imagine the drivers trying to claim they are parked in a parking space when their company was called by the truck stop to complain.
Can [...]

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Mish’s Global Economic Trend Analysis: Trucks Sit Idle; Rail Traffic Horrific

Posted in June 22nd, 2009
by yoda in Peak Oil, Teamsters, The economy, trucking

 
"TF" writes:
Mish, I travel a number of routes regularly with my job and one site I pass amazes me. It is a local trucking company property. In early summer 2008 there were maybe 100 total trucks and trailers. Today, there is not much room left in a 12 acre area with [...]

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UPDATE 2-Bank of America loan losses horrific -Bove | Reuters

Posted in June 15th, 2009
by yoda in Politics, The economy, morals and ethics, personal

 
June 15 (Reuters) – Bank of America Corp (BAC.N) is experiencing "horrific" loan losses and may set aside $46 billion in loan loss provisions this year, analyst Richard Bove said, even as he raised his target on the stock by $5 to $19.
Shares of the largest U.S. bank slid 3 percent to $13.31 in early [...]

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