jmkeynes

Hank Paulson: Leading Us to the Next Bull, Soon

Lower oil prices will help kill off investments in alternative energy infrastructure. Why build windmills when oil is cheap, right?

Wouldn't it be much better to re-inflate the housing bubble. That way, instead of building windmills and solar energy farms, we can go back to "investing" in big houses, summer homes, etc. The bigger the better!

As long as the Chinese and Saudis are willing to lend us money, why just buy a house that fits your needs. Wouldn't it be much better to buy one with extra bedrooms, even if you never use the rooms. That way you can make more money when you sell the house. Right!

Better yet, why not buy a vacation home or two as well. Even if you don't have time to use them and they stand empty, you can make money on them with - especially with all the tax breaks congress has for home owners.

So, let's keep the American dream alive by investing more and more money on big houses (even if we never get around to visiting all the rooms) and vacation homes (even if we never take vacations).

Why invest in wind energy and solar energy when investing in housing is so much more fun an profitable! Let someone else worry about about global warming, we just want to make as much money as we can now.

So, three cheers for the Arab oil states and cheap oil. And three cheers for housing bubbles that never have to burst.

Go America. You are going to deserve what you're going to get. Unfortunately, you may just take the rest of the world with you.