VIDEO ON MSN MONEY
So while the Rest of the World is using Cheap Fiat Dollars to prepare for the end of Fossil Fuels, America is now almost going in the opposite direction. Wages are going down, education is going down, the environment is going to hell, the next thing to face reversal, lifespans. Hard to prepare for the New Future when so many folks are stuck in the PAST.
What a fat crock of sh**. None of the 'energy revolution' technologies mentioned here are sustainable, feasible long term, or can even approach replacing CHEAP oil. Sure there may be oil left in the ground, but it is very expensive to obtain, the wells deplete very rapidly and you can forget about ever having the CHEAP oil again that our twisted form of capitalism requires. ALL alternative energies taken together working at peak efficiency (which they do not and will not) cannot replace cheap oil. AND they are ALL based on a cheap fossil fuel platform.
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[BRIEFING.COM] The S&P 500 (+0.1%) hovers right above its flat line with seven sectors sporting gains.
Market participants received just one economic data point today (June Pending Home Sales -1.1%), but the rest of the week will bring a full slate of data. Tomorrow, the Case-Shiller 20-city Index (Briefing.com consensus 10.0%) will be released at 9:00 ET, while the July Consumer Confidence report (consensus 85.6) will cross the wires at 10:00 ET.
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