Economy

Except for gas prices falling, which has been wonderful, not a problem like the government wants us to believe, price inflation is running rampant.

Car loans are in a $1 trillion bubble that's showing signs of a bust.

Target to cut thousands of jobs.

I think somebody has grossly overestimated Apple's demand for gold.

"Josh Centers, from TidBits, estimates that each gold watch will contain 2 troy ounces (62.2 grams) of gold. So, based on the estimated sales figure, he concludes that Apple will need 746 tons of gold a year, or about 30% of the world’s annual production.
His estimations — admittedly based on the Wall Street Journal predictions, not official figures — would mean that Apple may soon become a major player in the world’s luxury watch market, grabbing about half of it."

Two ounces of gold per watch? That's nuts.

Oprah closes Chicago studio, lays off 200 workers.

US collecting crude oil faster than it can refine it, so prices will probably collapse again. How about somebody build a refinery. Oh, government won't allow it.

The world's first trillionaire will appear soon.