Once again, Bad payers not greedy bankers are to blame!

AS the next great recession looms it's all due this time to those simple people who thought owning their own home was the start of a better life. Not so, they are the cause of the next recession according to those greedy bankers. Screw them and the energy company's as well because it's their sole greed that drives this recession as it has always been.

clipped from online.wsj.com Stocks Twist Amid Economic Jitters By Peter A. McKay Word Count: 731 |  Companies Featured in This Article: Countrywide Financial, DuPont, Alcoa, E*Trade Financial, MBIA An early stock rally strained to withstand the weight of a recession call by Goldman Sachs and rising mortgage delinquencies among Countrywide Financial customers. The Dow Jones Industrial Average, which has slipped in and out of positive territory throughout Wednesday's session, was up 72.67 points in late-afternoon trading, or 0.6%, at 12661.74. In 2008's early going, the market has repeatedly been hammered by rampant fears about the economy's ability to withstand the unwinding and disclosure of bad mortgage bets on Wall Street. With a flurry of fourth-quarter profit announcements due out beginning after the close today, investors are particularly focused ...

$9.24

My eldest daughter lives in the great state of Big Sky Montana. She just recently moved into her new two bedroom apartment and she called to tell me how much her first electric bill was. . .

The reason for this is I keep tell her sometimes how living in the the armpit of the US (NEW YORK CITY) how the bills are just getting to be ridiculous. Since 2004 they have had to have tripled for most residents here. Anyway I told here that my last bill as almost $290.00 and that included an $150.00 "delivery charge". . . What a load that is. . . pardon the pun.

So today she had to call to tell me that for the 3 weeks shed lived in here apartment where every thing is run by electricity that her bill was $9.24. At least she doesn't have to wait for a gas bill! Please, don't get me started. . . . . .

Anything to raise the price of oil.....

Every single day I can find another reason in the news as to why the price of oil keeps going up! I like the one about which way the wind blows. . . . . .

clipped from www.bloomberg.com an. 3 (Bloomberg) -- Crude oil traded near a record in New York after reaching $100 a barrel for the first time yesterday on concern violence in Nigeria may further cut output in Africa's biggest oil producer. Nigerian militants killed 12 people in the southern oil city of Port Harcourt on Jan. 1. Violence has already curbed the nation's daily production by almost a quarter. Gold surged 3.1 percent yesterday to a record as the dollar's slump against major currencies enhanced the appeal of commodities as a hedge against inflation. ``It was the violence in Nigeria that pushed prices up there, combined with the fact that a lot of the bigger players are back in the market after the holiday,'' said David Aleman, a senior analyst at Grand Central Trading Co. in Newport Beach, California. ``The market was looking for bullish reasons to keep going higher and this event fits the bill.''