http://www.sullivanandcromwell.com/lawyers/detail.aspx?attorney=140
Friday, November 30, 2007
Now this is just an unfortunate name for a lawyer
http://www.sullivanandcromwell.com/lawyers/detail.aspx?attorney=140
SOCIAL CHAOS COMING
SOCIAL CHAOS COMING
In the next several months, expect rising chaos to gradually strike the American fabric. The list of triggering factors grows almost with each new season. Look for problems and intense social reactions to extend from:
Rising food prices, such as bread, milk, cheese, eggs
Rising gasoline prices with scattered shortages
Lost jobs from corporate outsourcing trend resumes
Lost homes from bank foreclosure
Later on, bank run on deposits at failed banks
Later on still, freeze on stock accounts, as corporate parents go bankrupt
The 'crack spread' describes the difference between the crude oil price and the gasoline price. It has widened to do harm to gasoline refiners. Unless a 50-cent move comes to the gasoline price, expect wide gasoline shortages. It is simply unprofitable to produce it. The food price issue is an offshoot from the mandated movement toward ethanol. In this crazy world, almost everything is connected.
In the next several months, expect rising chaos to gradually strike the American fabric. The list of triggering factors grows almost with each new season. Look for problems and intense social reactions to extend from:
Rising food prices, such as bread, milk, cheese, eggs
Rising gasoline prices with scattered shortages
Lost jobs from corporate outsourcing trend resumes
Lost homes from bank foreclosure
Later on, bank run on deposits at failed banks
Later on still, freeze on stock accounts, as corporate parents go bankrupt
The 'crack spread' describes the difference between the crude oil price and the gasoline price. It has widened to do harm to gasoline refiners. Unless a 50-cent move comes to the gasoline price, expect wide gasoline shortages. It is simply unprofitable to produce it. The food price issue is an offshoot from the mandated movement toward ethanol. In this crazy world, almost everything is connected.
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