theburningplatform.com / by Jim Quinn / July 9, 2012
So we are already in recession and crop prices jumped another 2% to 5.5% today. A strike in Norway threatens to shutdown all of their oil exports. Oil is back to early June levels and is poised to move higher with any renewed saber rattling with Iran or threats against Syria. There is no sign that the Midwest drought will let up soon. Declining real wages, stagnant home prices, job losses, rising food prices, rising oil prices, rising healthcare prices, rising education prices, Europe about to explode, and China imploding, sure sounds like a recipe for an Obama re-election.