Posted on 04/29/2008 12:33:42 PM PDT by BenLurkin
Must have been the Chuckie Schumer’s) scathing rebuke of Bush’s calling on oil drilling and tax holiday for gasoline. Schumer and Peolosi...tax the oil companies and just wait public till that Ethanol horse comes in plan! The markets shook at their blinding brilliance and take charge attitude in answering Bush’s common sense. I sense a stinging defeat in Novemeber with maybe the Repubs taking back the House or Senate and mcCain winning comfortably.
Ping
the economy is boiling, just don’t be in a bubble when it pops.
They need a balloon that says: VOTE DEMOCRAT............
LOL, true, but for now that could fit into "bogus schemes"
Well I can agree with that except for the “Public Office” bubble. There isn’t a single politician who ended up more poor than when they can into congress. They somehow always end up millionaires. I wonder why that is?
If these economic problems are made up by the liberals (as I’ve heard the conspiracy go) they sure are backfiring.
Although a lot of Americans agree that the economy is in a bad way, the majority of those polled still pick McCain as the one who can best deal with it.
I doubt I will consider getting back in until it is at least down to $600 to $700 per ounce, and quite possibly not even then. I've made some good money in gold in the last decade. Now is not the time for gold.
Besides the natural correction in gold and silver that's happening, I am anticipating that the struggle between the forces of inflation and deflation will be won eventually by deflation.
Also the central banks are doing what they can to push gold down, as that price is seen as a key inflation indicator, and they want to be able to fight their bigger worry, deflation, without provoking too much inflation. See for example CNN Money: IMF backs budget plan involving gold sale (April 7, 2008).
Falling silver prices are one of the better leading indicators of coming depressions.
I'm figuring that this strengthening of the dollar is at least a several month trend, as the fallout from the global credit and mortgage crunch is felt abroad. Real estate prices are falling in many countries now.
Check out the The Panic of 1837, also here at Cyclesman.com: The financial panic of 1837, and the resulting Six Year Depression 1837-1843. Some of the details obviously have to change for the present, but there seems to be some similarities as well.
We'd have to research the context of this illustration - perhaps it refers to the "coattail effect" of supporting the election of a particular official, and the potential ruin of contributors.
“Gold futures plunged to a four-month low Tuesday after a stronger dollar and a drop in crude prices fed selling of the metal traditionally viewed as a hedge against inflation. Other commodities fell in a broad sell-off, with silver, copper, heating oil and agriculture futures all trading lower.”
This is a lot like the weather in Ohio, wait five minutes and it will change.
One day we are doomed, the next, everthing is peachy-keen. It all leads me to believe that our economy is more emotion that fact and that scares the bee-jeeber’s out of me.
bump
You would do better to ignore the media, since their sales are driven by the scares they push. These have only minimal connections to reality.
And the runup was far greater in Iceland, Sweden, UK and other countries...
>>>Real estate prices are falling in many countries now.
I didn’t think about it that way. Thinking about it that way you are correct.
The economy has always been very emotionally based. IMHO the consumer confidence index is the most important stats, when consumers are confident they’re spending and that keeps things rolling, when they aren’t confident they’re not spending and that applies downward pressure. There’s plenty of other things that go into it, but in the long run 300 million people have the ability to spend us out of most troubles and the ability to not spend us out of most booms. And yeah it is kind of scary.
Or be the Treasury and print $100 bills at a cost of about 6 cents each. Now that’s a profit margin!
bump.
I'm glad to see I'm an idiot. I'd rather be stupid with cheaper gas, than a savant too poor to fill my tank!
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