sheridan

Inflation: Too Early to Worry?

Is there any other outcome besides inflation?
The Country cannot service its total debt and has no way to do so in the future, even with an imaginary 100% tax rate.
So Gov't can default- never going to happen when you own a printing press or Gov't can inflate their way out of it.
I cannot come up with any other solution.
The rein of the dollar is over- it's just going to take some time for transition (10-20 years). Asia has all the money and all the people- don't underestimate what has just happened in this Country- Soros has it right. Doesn't mean the US won't be a nice place to live long term- still have all the food, all the water and democratic government but the run is over. I'm taking lessons in Mandarin.
P

12 Reasons I'm Still Buying Oil

Why would this author buy USO over USL hasn't he done his homework on their purchase strategy- USO is horribly subject to contango.
Seems like he's trying to convince himself he's right- if he were worth listening to he'd list 12 reasons why it could go lower as well.

Buying USO Is a No-Brainer

Hard to go against Jim Rogers- he's always too early but eerily accurate in the long run and pyramids to make up for time.
2010 should be good for USO.