galewhitaker

The End (of the Recession) Is Near

This bad news is not surprising. The conservative idea that the economy and the population can grow forever is just as stupid as the idea that we can solve our energy problems with the “drill baby drill” mantra. If the economy starts to improve the demand (and the price) of oil is going to skyrocket again and cut it off at the knees. Has anyone read Jarad Diamond’s book titled “Collapse”. I think we are in the first stage of a deadly collapse.

This Recession Is a Reset to a New Normal

Steven didn't mention that world wide oil production is falling because retrieving oil from existing fields is becoming more difficult and more expensive. The price of oil is going to skyrocket whether or not demand increases. $100 oil will cut the economy off at the knees. I am going to buy truck load of puts and make sure my dogs are hungry and mean.

Last Thursday Was the Bottom - It's Time to Get Back in

TACITUS
What about energy? The reason that oil is down from $120 is "demand destruction" caused by the recession. As soon as the economy starts to recover the price of oil is going to skyrocket. This built in inflation will cut the market off at the knees. I'm glad that you and your friends are jumping in. As soon as this market starts to rally I'm going to short the daylights out it.