The glut of everything (oil, food, everything)

[Weird Tolkienish Figure]

http://www.wsj.com/articles/a-cheese-glut-is-overtaking-america-1463477403

America has built up a glut of cheese so big that every person in the country would need to eat an extra 3 pounds this year to work it off.

http://www.theaustralian.com.au/business/business-spectator/the-glut-of-everything/news-story/f51b22c5910649f285d364fd579b1916

The reason savers and workers are copping it is that there is an oversupply of everything: labour, money and stuff -- savings, liquidity, energy, commodities, goods, services and people.

[geronl]

We will be crushed beneath a cheese tsunami!

I hope you vegans are happy!!

[Fishrrman]

If there's "a glut" of oil, why are prices at the pump increasing of late?

(And yes, I know about the concept of futures...)

[IsailedawayfromFR]

http://www.wsj.com/articles/a-cheese-glut-is-overtaking-america-1463477403

http://www.theaustralian.com.au/business/business-spectator/the-glut-of-everything/news-story/f51b22c5910649f285d364fd579b1916

Hmm - the only real glut I see is the highest amount of taxes ever collected by the IRS, the highest amount of money spent on welfare and the highest amount of people in this country out of the workforce.

[jmyrlefuller]

If there's "a glut" of oil, why are prices at the pump increasing of late?

(And yes, I know about the concept of futures...)

Environmental regulations and higher demand. Come September, when they go back to winter fuel and travel drops, it'll go back down again.