Week In Review

The Magic of ‘Product Substitution’

John Williams of shadowstats.com is quoted in an interview by Kevin Phillips in Harper’s magazine, which was re-printed in the St. Petersburg Times newspaper under the title “Hard Numbers” with the subtitle “Think the economy’s bad? It’s worse than you know; blame a half century of presidential Pollyanna Creep.” more…

B.J Lawson Wins U.S. Congressional Primary in North Carolina

We are ready to embrace a federal government that focuses on its Constitutional responsibilities, and stops being a suffocating burden that will haunt our children and grandchildren. more…

GTAIV shatters records with $500M in week-one sales

In the weeks leading up to the release of Take-Two and Rockstar Games’ Grand Theft Auto IV, predictions were in abundance as to how well the game would do. While analysts’ predictions were mixed, Take-Two execs themselves were reportedly under the impression that the game would shift 6 million units in its first week after measuring out preorder demand. more…

New solar energy system makes it possible to produce wholesale electricity at a cost competitive with fossil fuels

A new solar energy system will soon make it possible to produce electricity at a wholesale cost of 5-cents per kWh (kilowatt hour). This price is competitive with the wholesale cost of producing electricity using fossil fuels and a fraction of the current cost of solar energy. more…

DOW Jones Industrials $12,745.88
NASDAQ $2,445.52
Wilshire 5000 $14,040.05
S&P 500 $1,388.28
Gold/oz $884.00
Silver/oz $16.79
Copper/lb $3.78
Oil/bbl (Brent) $125.40
Wheat/bu (CBT) $8.04
Corn/bu $6.50
Rough Rice $22.98
Dollar/Euro $1.55
Yuan/Dollar ¥6.98
Rupee/Dollar Rs. 41.57
Yen/Dollar ¥102.83
Prime Rate 5.00%
Fed Target Rate 2.00%
2 Year Treasury 2.13%
10 Year Treasury 3.88%
30 Year Treasury 4.38%

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