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Who is Benefiting from the Mortgage Crisis?
April 24, 2008
The US banking system is facing a meltdown, thousands of ordinary people are losing their homes, and real estate agents and construction workers are losing jobs left and right (and front and behind and above and below). However, some people are making a killing right now, thanks to the ongoing mortgage crisis. Today, we list 6 groups that are finding the silver lining in the mortgage crisis cloud.
A Sweet Yet Forgotten Commodity Surge
April 23, 2008
If you’re living in the United States or Europe, you’ve probably had some today… or within the last few days. Forget achieving independence in producing it, though; your country does not cultivate any of it. In fact, the “Saudi Arabia” of this commodity is West Africa, which produces almost half of the world’s supply. Prices have risen 42% in the last two years, leading to record prices, and futures prices have jumped 25% in two weeks. Yes, the world is facing a major shortage… of cocoa.
The Forgotten Commodity Shortage
April 18, 2008
Its price has quadrupled in the last year. It is essential to our way of life. The lack of it has almost directly caused food riots. China just overtook the US in the last few years in mining it. Leading industry researchers say the shortage will not be over until 2011 or 2012, at a minimum. Yet for some reason, nobody talks about the worldwide phosphate shortage.
LOLnomics 101: Three Laughably Bad Economic Ideas
April 17, 2008
Today, we discuss LOLnomics… economics ideas that are just so out there that you have to LOL. Read more
LOLnomics
April 16, 2008
I was all set to write about the economics of LOLcats when I found out that this guy already did an excellent post on the subject.
If you find LOLcats hilarious AND are into economics, check out lolfed.com.
