Bernake finally states the obvious opinion that should be done

I heard his testimony back in March and remember him ducking the question of providing some opinion on what the US government should do to intervene in the mortgage fiasco. Now he has finally taken an initiative to speak his mind on what could be done.
Since the prices of houses in the US are [...]

LAT: A debate on the current scarcity

http://www.latimes.com/news/printedition/opinion/la-op-gardner-clark5may05,0,47611,full.story
DUST-UP: The new scarcity?
May 5, 2008
Oil, water, food and even arable land all seem to be either spiking in price or otherwise showing signs of peak supply. Is the United States entering a new era of scarcity? Is the world? The Worldwatch Institute’s Gary Gardner debates author and UC Davis economist Gregory Clark.
Gardner and Clark [...]

Ready for $7.50 gas pumps: 2 years time

Great times ahead indeed.
http://www.bloomberg.com/apps/news?pid=20601087&sid=ayxRKcAZi630&
http://bigpicture.typepad.com/comments/2008/05/wtf-headline-of.html
http://blogs.wsj.com/marketbeat/2008/05/06/200-oil-call-doesnt-seem-ridiculous/
http://ftalphaville.ft.com/blog/2008/05/06/12821/goldman-sachs-surge-theorist-says-200-oil-in-sight/?source=rss
http://blogs.moneycentral.msn.com/topstocks/archive/2008/05/06/a-scary-thought-gasoline-at-7-50-a-gallon.aspx
A scary thought: Gasoline at $7.50 a gallon
Posted May 06 2008, 09:14 PM by Charley Blaine
I’m really not here to scare you, but, get ready, I AM going to scare you.
The news got lots of attention: Goldman Sachs analyst Arjun Murti predicted Tuesday that the price of crude oil could hit $150 [...]