Posted on 04/23/2009 8:55:32 PM PDT by TigerLikesRooster
Ping!
I think “L” is a best-case scenario.
Of course, instead of L, we may have C (collapse.)
As long as O is in charge, pretty much accept D.
Depression (D) with an L to follow....
Depression will be caused by a massive spike in energy prices caused by an Israeli attack on Iran’s nuclear facilities and massive instability in Pakistan caused by a Taliban takeover, along with a collapse in commercial real estate and credit card markets. It will take years to come back, hence the “L”, could even be a D with a W (Fluctuations). You don’t want to know how we would come out of this, as that is really bad (Look at World War II as an example).
L: L-shaped recession
U: U-shaped recession
V: V-shaped recession
D: depression
I: inflation(or hyperinflation)
C: collapse
LUV DIC, ping!
Agree.
L for economy and stock market both is what will happen. We will not get back to 14,000 in the Obama years.
Why? The Obama policies make fast growth in the private sector impossible.
Enough with the Perez Hilton stuff, already! /sarc>
LI, followed by D and/or C.
Depending on if we elect S.P. and true conservatives to Congress.
(And if the Big O declares Martial Law in response to multiple Pakistan/Iranian supplied nuke strikes on Europe and the US.)
NO cheers, unfortunately.
You could get back to 14,000 if the dollar were devalued enough... say $1.00 = one peso.
imho the key to restoring a healthy economy is getting off dependence on foreign oil. That will happen imho in 5-10 years.
How? Green energy billion boondoogle fraud payoff to O cronies?
You really need a repub landslide and developing our onshore reserves which are 4 times the Saudis oil reseves.
O’s socialism will have to be undone too. No recovery or market recovery in a socialist police state. The vermin essentially wiped out Detroit.
One thing’s for sure: it won’t be unicorns, rainbows and cotton candy.
Bump
I’m in favor of offshore drilling but if you type in “alge oil” in google news and read a couple pages of the flow of news you’ll see that that’s a fast moving industry. From what I can tell its fast approaching price parity with oil. There have been several manufactureing break throughs ins the last two month. A Microsoft funded company called Solenez says they have already reached price parity.They did this without government money.
Besides that just about every military base has a biorefinery being built—that turns everything from wood chips to cornstalks into biofuels.
From what I can tell biofuels will go from about 5% of the national energy output to 15% of the national energy output in 3 years.
Thanks. I am all for anything to screw the Saudis. We have 4 times their reserves onshore with shale oil, coal diesel and other sources. All that land the Dems keep locking up as Fed land is full of energy but it is a payoff to the Saudis.
I hope Solenz screws the Saudis or anyone else.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.