Smart Energy Alternatives

With the economy's strength being sapped by increasing energy prices and higher interest rates, retail sales are beginning to sag. [Read article]
The article's author first starts by placing responsibility on "moderating economy and cooler weather" which caused consumers to spend less. Close but no prize.

If the reader is patient enough and continues to read past the facts regarding reduced spending by young adults . . . well, yeah . . . they're spending more on fuel for their cars for starters . . . the article does point out a couple of more serious drags on the economy as "higher interest rates" and "higher gasoline prices." Our readers have been aware for some time that interest rates would rise, and the reasons behind it. It's not magic and it's fairly easy to predict. Stay tuned to our blog and read the blog archives for our past discussions on the topic.

Smart Energy Alternatives contends that interest rates will continue to rise as long as dollars are printed at will. The value of dollar will decline and interest rates will increase to retain investor interest. Yet, news reports indicate that the dollar is less favorably viewed in the eyes of foreign investors, as they turn increasingly to depend on the Euro. Stay tuned for more details on that topic and what means for even higher energy costs in the next several years.

Take care, get out of debt, and ensure you can take care of your loved one as we approach Peak Oil.

posted by LiveWithoutLimits @ 1:22 PM