Replies to This Discussion

Permalink Reply by Jon Williamson on October 19, 2009 at 23:22

From the article:

Ten Year Comparison of the DJIA, Oil, and Gold

Indicator March 29, 1999 October 14, 2009 Change
DJIA 10,000 10,000 0%
Oil $16.44 $74 450%
Gold $280 $1060 379%

If oil creeps back up close to $100 maybe Joe and Jane six pack will start to finally question Washington's lack of interest in pushing a natural gas alternative. Ethanol is not the answer,
and wind turbines and solar energy won't get er done.

• ▶ Reply

Permalink Reply by Jon Williamson on October 22, 2009 at 12:05

Is anyone at all interested in this?

• ▶ Reply

Permalink Reply by essay on October 23, 2009 at 5:24

yes, certainly. i feel very much in the minority though. the implications going forward given our current trajectory are downright frightening.

• ▶ Reply

Permalink Reply by Grillin' - MmmMmm on October 23, 2009 at 6:43

Don't worry, if oil goes to $100/BO there won't be any problems. Remember, we'll have healthcare for all, CAP and TAX, Gov't Motors, and more stimulous programs coming. That will make all things better. Remember, YES WE CAN! and HOPE AND CHANGE! Its all gonna be okay. Don't worry about that $13 Trillion dollar debt and those 50% tax rates. Its okay!! Prince Obama (peace be upon him) will take care of it through HOPE and CHANGE!! YES, WE CAN!!

The economy is much worse than anyone really is saying right now! Inflation is coming. Higher oil prices will make matters worse. We are seeing a wonderful cover up of the real state of our economy. It is really bad. 10% unemployment, runaway government spending and increasing taxation will push the U.S. economy to the brink. The U.S. dollar will be hurt and hurt bad. These things will push the price of oil even higher. However, as the market and the economy starts to crater, demand for oil will fall again and you will see lower prices; HOWEVER, the fall of the U.S. dollar will continue to keep the price of oil in dollars buoyed up which will make things worse for the U.S. consumer! Happy Friday!!

Here's a stock tip for you: buy all the stock of companies that sell books on the history of the Soviet Union and the wonderful economic outcomes thereof. It will be here before you and your children know it. And after all, the children are the ones who will have to pay for all of this!

• ▶ Reply

Permalink Reply by Harvey White on October 25, 2009 at 3:27

WELL SAID MARK!!!! WELLCOME TO THE U.S.S.A. ( UNITED SOCIALIST STATES of AMERICA). GOD help us.

• ▶ Reply