Philly Jim

60 Minutes on Oil: Did Anyone Verify Anything?

Oil is old news; the U.S. is pretty much placating OPEC and Russia to keep them funded and peaceful by keeping U.S. citizens hooked on oil. Everyone else in the world is or will soon be off gasoline/oil burning for vehicles. The OPEC nations really need to diversify before the U.S. gov't decides it can no longer resist change. Take a trip to any Southeast Asian country and you will see just how rapid these economies have dumped oil burning and converted their vehicles to natural gas or biofuels over the past 2 years.

Why Oil and Gold Are Headed Much Higher

Cramer called for $1600 gold and Goldmantheft called for $250 oil. Hmmm... Do you really think the power center of the financial world will allow these two devices to crush consumer purchasing power of their grandiose multinational pieces of sh*t from abroad?

King Dollar Roars Back

JDL - U.S. bonds are already being dropped because of their low rates, money is moving into currencies, etc. When Obama gets in office, I'd expect to see an infrastructure building boom with a lot of that sidelined money moving into muni-bonds, public/private infrastructure projects. I agree with RLoftus, the U.S. dollar is the safest bet, the U.S. is the safest bet. I was caught-up in the Internet, real estate now BRIC phenomena like many others I know; just know when to pull your money out! The BRIC fad is almost completely DONE! I've see it all on the other side of the world, was impressed with the growth rates and building boom going on in every city in the East and 3 years later (2008), I still feel like I can breathe easier and sleep better being in America. As much as I hate to see the emergence of this new criminal/hip-hop culture taking over almost every U.S. city & public institution, I still feel safer and more human than any other country I've been to. You just can't buy or build that kind of freedom, we have something unique here! I say Euro will be at 1.13 by end of 2009 and 1.30 cable. Silver and Germany can't keep them immune from the global economic hiccup. The U.S. hasn't had it's infrastructure boom yet and when it happens, it's gonna be with repatriated smart money tired of the speculative "third world" plays. Enjoy the Olympics. ;)

Inflation Triangle Dilemma: Dollar / Oil / Euro

I think the rest of the world has more to worry about than the U.S.. Inflation is manageable in the U.S. and not so manageable in the developing world where major cracks are showing. U.S. rates should push the dollar up at least 10% vs. most currencies by mid '09.