Trinitymaster

Can Deflation Be Avoided?

Chinese investors are already buying up California real estate. This proves that their currency is worthless. Everyone wants to invest in developed countries because it is only a matter of time before the emerging markets plummet into civil unrest.


On Jan 01 12:21 PM AlexR wrote:

> If there is severe deflation in rich countries, what would keep emerging
> markets, which historically have no qualms about printing money,
> from buying up the world?

$35 Oil: Steve Forbes Was Off by Two Years

About ten years ago, oil was $10/barrel. Exxon made tons of money back then as well. At $25/barrel, they would still make tons of money. Until oil falls to the same price as water, oil will continue to be pure profit




On Dec 19 01:14 PM Tesa wrote:

> My mother who has never touched stocks in her life can easily make
> predictions like that too. If its up then one can predict that it
> will do down and 2 years is a long time. But did he predict the housing
> market collapse and credit market collapse.
>
> My prediction is that oil will go up to 100$ again. Let me know when
> I end up right. I may in fact be an oracle.
>
> What I do know is that break even for XOM extracting oil is about
> 35$ and that is a cheap one for north America and if it oil prices
> go bellow then expect major shutting of oil wells and with credit
> market being poor expect the same scenario for them as auto sector.
> You can also remind me if end up to be an oracle predicting that.