The Thanksgiving/helium connection

Despite the apparent arrival of peak helium, they were still filling the Macy’s parade balloons with the precious gas Wednesday afternoon next to the Museum of Natural History. There were the usual brand names–Shrek, Mr. Potatohead, Pikachu. I’m pretty sure the snowman isn’t affiliated with any major media corporation, though. Neither is this Jeff Koons [...]

The Persian Gulf/federal deficit/gas tax connection

From a note sent out this morning by Harm Bandholz, U.S. economist for Italo-German bank UniCredit: [O]il-exporting countries have been continuing to channel the bulk of their petrodollars via London to the US … With rising oil prices, net purchases of US Treasuries made by the UK soared to USD 205 bn during the last [...]