Category Archives: economy

Oil Below $102

September 9, 2008 – 10:46 am

OPEC is meeting in Vienna with oil prices hovering dangerously close to $100 for the first time in 5 months. Some analysts expect OPEC to cut production to boost prices, however Saudi Arabia has indicated it will continue to pump crude from the sand, as other investors dump commodities for the strengthening dollar, because their […]

By Peter | Comments (0)

Quote of the Day

September 5, 2008 – 4:29 pm

“After nine years of striving to be a good steward of your capital, I am very sorry for this outcome.” Dwight Anderson of Ospraie Fund telling it like it is to his investors after losing $9 billion dollars in less than a year due to betting on the rise of oil to $200/barrel. Better luck […]

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Thai Government to Cut VAT Tax Maybe.

July 30, 2008 – 9:03 am

As Thailand’s inflation rate hits 8.9% per annum, the Commerce Ministry has moved to consider cutting the VAT or value-added tax (VAT) on consumer products from 7% to 3% for a few months to ease the price pressures on income, especially on food purchases. The department has yet to contemplate axing the penurious taxes on […]

By Peter | Also posted in Thailand | Comments (0)

Wall Street Got Drunk

July 23, 2008 – 4:33 pm

The financial markets of America are in trouble. Banks are over-extended by the mortgage debacle and Wall Street is tanking, as investors pull out their funds to speculate in future commodities. No turn-around is in sight for this year and some less optimistic pundits are accepting this economic downturn will last well into 2009. The […]

By Peter | Also posted in america, politics | Comments (0)

Did I just fart?

July 15, 2008 – 12:50 pm

President Bush had the balls to assure the nation that the banks are ‘basically sound’ as congressmen swiftly bailed out the two largest mortgage guarantors. The stock market tanked in response to his statement. “I don’t think the government ought to be involved in bailing out companies.” I do recall his saying that every American […]

By Peter | Also posted in america | Comments (0)