Home › Forums › Financial Markets/Economics › Recession – here we come!
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January 4, 2008 at 12:32 PM #129231January 4, 2008 at 1:16 PM #129508kewpParticipant
And of course the perma-bull solution? Devalue the dollar further:
I’m beginning to think that the only thing that can restore the competitiveness of the American worker in the global economy is a devalued dollar. I just hope it finds a reasonable bottom soon.
January 4, 2008 at 1:16 PM #129539kewpParticipantAnd of course the perma-bull solution? Devalue the dollar further:
I’m beginning to think that the only thing that can restore the competitiveness of the American worker in the global economy is a devalued dollar. I just hope it finds a reasonable bottom soon.
January 4, 2008 at 1:16 PM #129435kewpParticipantAnd of course the perma-bull solution? Devalue the dollar further:
I’m beginning to think that the only thing that can restore the competitiveness of the American worker in the global economy is a devalued dollar. I just hope it finds a reasonable bottom soon.
January 4, 2008 at 1:16 PM #129441kewpParticipantAnd of course the perma-bull solution? Devalue the dollar further:
I’m beginning to think that the only thing that can restore the competitiveness of the American worker in the global economy is a devalued dollar. I just hope it finds a reasonable bottom soon.
January 4, 2008 at 1:16 PM #129266kewpParticipantAnd of course the perma-bull solution? Devalue the dollar further:
I’m beginning to think that the only thing that can restore the competitiveness of the American worker in the global economy is a devalued dollar. I just hope it finds a reasonable bottom soon.
January 4, 2008 at 3:22 PM #129510crParticipantThat brings up another question: what will the FED do at the next meeting?
I didn’t read the minutes from the last meeting but from what I heard, I infer that inflation was a bigger threat this time around.
I work in imports and can tell you just about anything from China will cost easily 10% more this year than last year. When those numbers catch up with CPI the FED will be helpless.
For now I think their next move will again appease the senseless traders who caused this mess, while further screwing the middle class.
The US may be the world’s biggest exporter, but I doubt there is a greater trade deficit anywhere. A weak dollar may help that, but it doesn’t help the average consumer.
January 4, 2008 at 3:22 PM #129517crParticipantThat brings up another question: what will the FED do at the next meeting?
I didn’t read the minutes from the last meeting but from what I heard, I infer that inflation was a bigger threat this time around.
I work in imports and can tell you just about anything from China will cost easily 10% more this year than last year. When those numbers catch up with CPI the FED will be helpless.
For now I think their next move will again appease the senseless traders who caused this mess, while further screwing the middle class.
The US may be the world’s biggest exporter, but I doubt there is a greater trade deficit anywhere. A weak dollar may help that, but it doesn’t help the average consumer.
January 4, 2008 at 3:22 PM #129341crParticipantThat brings up another question: what will the FED do at the next meeting?
I didn’t read the minutes from the last meeting but from what I heard, I infer that inflation was a bigger threat this time around.
I work in imports and can tell you just about anything from China will cost easily 10% more this year than last year. When those numbers catch up with CPI the FED will be helpless.
For now I think their next move will again appease the senseless traders who caused this mess, while further screwing the middle class.
The US may be the world’s biggest exporter, but I doubt there is a greater trade deficit anywhere. A weak dollar may help that, but it doesn’t help the average consumer.
January 4, 2008 at 3:22 PM #129583crParticipantThat brings up another question: what will the FED do at the next meeting?
I didn’t read the minutes from the last meeting but from what I heard, I infer that inflation was a bigger threat this time around.
I work in imports and can tell you just about anything from China will cost easily 10% more this year than last year. When those numbers catch up with CPI the FED will be helpless.
For now I think their next move will again appease the senseless traders who caused this mess, while further screwing the middle class.
The US may be the world’s biggest exporter, but I doubt there is a greater trade deficit anywhere. A weak dollar may help that, but it doesn’t help the average consumer.
January 4, 2008 at 3:22 PM #129614crParticipantThat brings up another question: what will the FED do at the next meeting?
I didn’t read the minutes from the last meeting but from what I heard, I infer that inflation was a bigger threat this time around.
I work in imports and can tell you just about anything from China will cost easily 10% more this year than last year. When those numbers catch up with CPI the FED will be helpless.
For now I think their next move will again appease the senseless traders who caused this mess, while further screwing the middle class.
The US may be the world’s biggest exporter, but I doubt there is a greater trade deficit anywhere. A weak dollar may help that, but it doesn’t help the average consumer.
January 4, 2008 at 6:29 PM #129739gold_dredger_phdParticipantFor those who think that oil will go to $200 per barrel, consider: coal to oil conversion.
This was done on an industrial scale in South Africa during their own oil embargo due to apartheid. There were plants that would do 100,000 barrels per day or more working during that time. You can use high sulfur coal for this since the sulfur can be largely removed during the processing into oil.
This is not a price the United States needs to pay since we have plenty of coal reserves. Let those without coal reserves pay $200 per barrel.
Of course, you may see $200 per barrel just due to devaluation of the dollar. If the dollar is that cheap, then US coal is likely going to be that cheap as well.
When oil goes to $50 or $60 per barrel again, I would buy OIL ETF. Last time I traded that ETF, I made $40.
January 4, 2008 at 6:29 PM #129709gold_dredger_phdParticipantFor those who think that oil will go to $200 per barrel, consider: coal to oil conversion.
This was done on an industrial scale in South Africa during their own oil embargo due to apartheid. There were plants that would do 100,000 barrels per day or more working during that time. You can use high sulfur coal for this since the sulfur can be largely removed during the processing into oil.
This is not a price the United States needs to pay since we have plenty of coal reserves. Let those without coal reserves pay $200 per barrel.
Of course, you may see $200 per barrel just due to devaluation of the dollar. If the dollar is that cheap, then US coal is likely going to be that cheap as well.
When oil goes to $50 or $60 per barrel again, I would buy OIL ETF. Last time I traded that ETF, I made $40.
January 4, 2008 at 6:29 PM #129642gold_dredger_phdParticipantFor those who think that oil will go to $200 per barrel, consider: coal to oil conversion.
This was done on an industrial scale in South Africa during their own oil embargo due to apartheid. There were plants that would do 100,000 barrels per day or more working during that time. You can use high sulfur coal for this since the sulfur can be largely removed during the processing into oil.
This is not a price the United States needs to pay since we have plenty of coal reserves. Let those without coal reserves pay $200 per barrel.
Of course, you may see $200 per barrel just due to devaluation of the dollar. If the dollar is that cheap, then US coal is likely going to be that cheap as well.
When oil goes to $50 or $60 per barrel again, I would buy OIL ETF. Last time I traded that ETF, I made $40.
January 4, 2008 at 6:29 PM #129634gold_dredger_phdParticipantFor those who think that oil will go to $200 per barrel, consider: coal to oil conversion.
This was done on an industrial scale in South Africa during their own oil embargo due to apartheid. There were plants that would do 100,000 barrels per day or more working during that time. You can use high sulfur coal for this since the sulfur can be largely removed during the processing into oil.
This is not a price the United States needs to pay since we have plenty of coal reserves. Let those without coal reserves pay $200 per barrel.
Of course, you may see $200 per barrel just due to devaluation of the dollar. If the dollar is that cheap, then US coal is likely going to be that cheap as well.
When oil goes to $50 or $60 per barrel again, I would buy OIL ETF. Last time I traded that ETF, I made $40.
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