Back to the 70s: reasons for cheer, reasons for misery...

10 reasons to be miserable: The high oil price is transferring your purchasing power to crude producersMoodys programmers cocked up its ratingsYour house is probably worth less than it was last yearAlan Greenspan is bearishBen Bernanke sees parallels with the 1930’s Great DepressionToday’s economy looks a lot like the 1970sGermany wants a ban on oil market speculationGrowth rate of real wages lags that of GDP; and the borrowing to consume era is overPotential for serious labour strikesProtecti