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  • The End of the Bear Market?  [View article]
    Alan
    You belong on CNBC. It seems like no one has figured out that the real estate bubble is a very small part of our problems. Consumer spending constitutes 75% of our GDP. With the price of oil over $110 Americans are not going to be able to shop for victoria's secrets, cheese doodles and escalades. When folks finally realize what a mess we are in this stock market is going fall another 30%. James Howard Kunstler says there are NO alternatives to cheap light sweet crude. We are living in a world that depends on $40 oil but the price of oil is headed to $120. The price of everything in our civilation is effected by the price of oil. Americans better get used to eating beans and rice.
    Gale Whitaker
    Mar 17 12:56 pm |Rating: 0 0 |Link to Comment
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