Mid-day Update

PODCAST: A dip in olive oil prices and an economic forecast for sunny skies

Marketplace Contributor May 28, 2012
HTML EMBED:
COPY
Mid-day Update

PODCAST: A dip in olive oil prices and an economic forecast for sunny skies

Marketplace Contributor May 28, 2012
HTML EMBED:
COPY

Last Groundhog Day we asked a couple of economists to play Groundhog and predict the economic future: shadow or no shadow? Today, we asked them to do it again. If you want to join in with your economic predictions, tweet us @MktplaceRadio.

European markets are up today, encouraged along by news from Greece that more people are supporting pro-bailout parties, but the economic crisis there is driving down the price of another commodity. Olive oil prices are at a ten year low as euro-pinching Europeans are buying cheaper oils. Turns out the big oil producing countries are also those in the most economic trouble: Spain, Greece and Italy.

Today is Memorial Day. A day to think about the other one percent — the less-than-one percent of Americans who serve in uniform, and those who’ve died in the line of duty. We take a look at ways to support our servicemen and women and their families. Though Memorial Day is a solemn holiday, it’s also a a day to hang out at home, and maybe light up the barbeque; for retailers, it’s the beginning of the summer buying season.

However you celebrate or commemorate, enjoy the holiday. 

We’re here to help you navigate this changed world and economy.

Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.

In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.

Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.