Because it's not the doom we were expecting. Hyperinflation is the only sudden doom that awaits us (besides WWIII with Iran or NK which is nothing new for us to be paranoid about).

Hyperinflation != peak oil.

Well if the so called "bond market vigilantes" don't rein in the governments excessive, prolifigate spending via pushing bond interest rates much higher, then maybe the dollar dropping every day, thus making imports such as oil prohibitively expensive, will do the trick.

The only way oil will fall again is if the Federal Reserve and the U.S government quit monkeying around and reduce their deficit spending and balance the U.S budget. Otherwise, the dollar probably will continue to drop and oil will continue to rise.

Again, just like clockwork, as the dollar index falls toward it lows, oil rises toward it high.

Well we need cheap oil to climb out of the jobs trouble we have in the US and that simply won't happen with China clocking 8% growth again. We still had a window to mitigate for at least this decade by spending that TARP on Pickens Plan but I think they all feel that paper money is capital. I do not see how you manufacture Great Recession II and hope it will save the dollar, the American worker can't handle it.

We now have no other choice than to face the long deep of Moriah.

Doom is a dish that is always served with secret sauce. But there is no doubt that this is peak playing itself out before us, in my mind at least. Every positive word in the MSM now is just window dressing on a view to a kill, nothing more.

I was talking to a fellow the other day and he said 'It has to turn around sooner or later' and also that the stock market had come back. I did not have the heart to tell him that the stock market is completely disconnected at this point from reality because he was so happy his 401k was back to where it was a couple years ago. I most certainly did not tell him that in fact things are likely to get much much worse in the second oil induced Great Recession which will probably arrive by summer 2010. He has already heard the story and he has a wife and kids.

Hang in there!