Good morning! A New York Times article reports that cheap booze is seeing a nice sale spike as folks swap out premium or even mid-market brands for rotgut. Popov & Tonic, anyone? The Prince of Darkness over at Zero Hedge illuminates us as to the possibility that a major supplier of financing to rural electrical cooperatives could go dark, taking down dozens of utilities in the sticks with it. Maverick ratings agency Egan Jones began calling this a while back.
On the Left Coast, the lovely city of San Francisco, which has largely escaped the ravages of the downturn, now appears to be running off the rails as construction activity plummets and only 25% of construction tradesmen have jobs.
Mish's macroblog blogs on the troubles of U.S. dairy farmers buffeted between still high feed costs (in part thanks to the ethanol madness and corn prices), EU subsidies to protect their own farmers, and rising cheap exports from Australia and New Zealand. Say cheese! No, don't. More glad tidings shortly. Smile and enjoy those Cheerios!
Alex Salkever is Director of Research at Piqqem.com, a stock prediction community powered by Wisdom of Crowds.
Before the bell: Stocks futures steady ahead of GDP, housing data
Google's plan for netbook PCs moves higher into the clouds
So long peak oil, here comes peak uranium
Reader Comments (Page 1 of 1)
3-09-2009 @ 12:01PM
matt said...
I'm not sure about California, but I know that during the winter months in the northeast, 25% of (construction related) tradesmen working would be the norm, if not exceptional. I wonder how much effect that normal seasonal fluctuation has on the current unemployment numbers...