- Joined
- Mar 31, 2006
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cash is king baby in a deflationary environment
as for dollar biggest gain in 15 years though i'm not seeing that on my screen
although it is up versus other fiat for now
the key is oil getting smacked 96 now
the oil problem will take care of itself if we go back to sustainable economic practices
vs. driving around in SUVs cause we can tap our bubbling homes as equity...obviously its not just that and a variety of factors.....but you get the point....
as for dollar biggest gain in 15 years though i'm not seeing that on my screen
although it is up versus other fiat for now
the key is oil getting smacked 96 now
the oil problem will take care of itself if we go back to sustainable economic practices
vs. driving around in SUVs cause we can tap our bubbling homes as equity...obviously its not just that and a variety of factors.....but you get the point....
The drop in gas prices is worries me at this time.
A couple of days ago, a whole bunch of money was put into the oil market, and now a lot of that is gone as well.
Too much money is gone too fast from the markets, that cant be good
(although cheaper gas is good!!)
A couple of days ago, a whole bunch of money was put into the oil market, and now a lot of that is gone as well.
Too much money is gone too fast from the markets, that cant be good
(although cheaper gas is good!!)
- Joined
- Mar 31, 2006
- Messages
- 24,692
- Reaction score
- 12
if it does than the global economy is going into a depression that will be much worse or as bad as the 30s IMO
i really don't think you want to see that
root for a bottom around 60 or so
:grandmais
oil is the lifeblood of the global economy if it goes that low that means the entire global economy has gone into a depression
recent times spike was both a problem of cheap stuff is running out and also many other emergining economies growing at 10%+ clips GDP wise (india, china etc...)were guzzling more gas....oil is a global commodity
