[grey_whiskers]

Go to the link. Long article, but worth it -- and relevant to oil and to the "green" movement.

Cheers!

[highpockets]

Did not read the article.

Bold statement or ignorant.

I choose BOLD.

We have the seen the beginning.

Up till now we have only seen those who should never have gotten loans, (47% last year alone), but we have not seen those who borrowed against their homes when the market was up.

I do not the know the true numbers but my guess is extremely high, those who took out seconds, thirds, and even fourths at the top.

What will be done with the excellent credit ratings who have negative equity now???????

We are at the beginning of this credit adjustment, and those who fall now will be those we once held up so high.

This will hurt everyone we have every known.

Love you Sis.

[kms61]

These successive Bubbles are doing a great deal to undermine the concept of an ownership society in the public’s mind. I hear a lot of comments from average joes likening the financial markets to a rigged gambling hall. And I can’t say that I disagree. These sharpies are going to look around one day and find that there aren’t any more suckers to fleece. I think that day is coming sooner rather than later.

[tcostell]

That's an excellent article and I agree with much of it, but I don't believe that alternative energy is set to produce an asset bubble.My reasons for that are technical and have to do with the decision making dynamics that are involved in an "information cascade" which is the behavioral finance term for an asset bubble. Basically I think there will always be enough cynicism in the alternative energy industry to prevent the stage from being properly set for a bubble.

I wrote a piece here which explains how the disclosure of some additional information could prevent all bubbles in the future by doing just that. It's something interested parties might want to read... even though it's a regulation change that's probably too technical for our "command & control" liberal congress.

- A Free Market Solution To Further Market Crises

Still ... that was a good article by a basically well informed and clear eyed person.

Thanks.

[leadhead]

I guess the ownership of oil futures is not public, but it would be interesting to know who is buying and, more importantly, who is selling. Commodity traders? Hedge Funds? Pension Fund managers?

Back when the Hunt family tried to corner the silver market, the public knew. But, I don't remember how the info got out.

I'll bet the "information cascade" is being staged by someone/ones that will soon get out of the market and leave the schlubs with worthless futures.

[ColdSteelTalon]

The gubberment will just print more and more money. That will be the solution. The only people that will really lose money are people on wall street. And that will only be for awhile. The gubberment will print even more money for them and saddle the tax payer with the debt through inflation.

Americans deserve the slavery they will be in.

[ex-Texan]

*BUMP* !

[PogySailor]

bttt

[Fred911]

save to read later

[Oratam]

Bump for later.

[henkster]

I know I’ll catch flak for this, but...

I actually don’t want the oil bubble to burst. I’d like to see prices drop, some, steadily, to around $100/barrel, and stabilize there. Am I nuts? Well, I don’t think so. If the price stabilizes, the economy will adjust. It’s the instability and resulting inability to make rational business decisions that’s bad.

I see $100/barrel oil as an OPPORTUNITY, not a curse. It’s an opportunity because it provides and incentive to build nuclear power for electrical generation. It makes oil shale extraction and synthetic petroleum from coal commercially feasible. Accomplish those things, and the mullahs can rake in the money from the Chinese and Indians. I don’t care. We’re taken care of and not bleeding money to them any more.

[steelyourfaith]

 

Beam me to Planet Gore !