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0 Feb 5 2010 @ 10:58am by Matt Smith in Capital Markets, Crude Oil, Economy, Natural Gas, Random

Burrito bites

Chuck-Norris

And it all started so well…Monday’s ISM manufacturing data sent markets sprinting out of the blocks, only for things to go downhill from there. Swiftly. Black gold, Texas tea has seen more action this week than Chuck Norris, but has ultimately been dealt a sucker punch and beaten down to $70. Equities succumbed to a pummeling on Euro deficit worries and poor jobs data – back we go below 10,000 on the Dow Jones (again). Our beloved buddy US natural gas put up a brave fight this week, spurred on by a cooler weather outlook and a certain groundhog called Phil seeing his shadow. Without out further ado, here are this week’s snack attacks:

–Shale boom could leave US exporting natural gas?.

US debt clock.

–A good intro to a Cap-and-Trade program by the EIA.

–The nine biggest rip-offs in American life.

–The ongoing housing market crisis in five simple charts.

Gasoline prices good, Superbowl prices bad.

milky way map in the style of the London Underground.

–Finally, apparently you now get ID’d for buying quiche in the UK.

The Burrito Deluxe Award of the week goes towhale Punxatawney Phil, who once again shows his uncanny knack for predicting cold weather. Based on the forecasts for the next two weeks, he is on the money so far.

The Burnt Burrito Award of the week is being juggled between Portugal, Italy, Greece and Spain (new acronym = PIGS!), as their spiraling budget deficits could rupture their economies.

The image of the week is of a white whale blowing smoke rings. (not really). The whale is from a theme park in Northeast China, who has been trained to blow ring-shaped bubbles as a New Year tourist attraction. Have a great weekend!

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