diemos wrote:Slow Crash.
As Madge would say, "You're soaking in it."
diemos wrote:Slow Crash.
As Madge would say, "You're soaking in it."
John_A wrote:Soaking in what? Multi year economic recovery even with a slowdown in government spending, housing values recovering, wars ending, the price of oil down nearly $40/bbl from the bad old days of half a decade ago?
steam_cannon wrote:John_A wrote:Soaking in what? Multi year economic recovery even with a slowdown in government spending, housing values recovering, wars ending, the price of oil down nearly $40/bbl from the bad old days of half a decade ago?
This is a rosy perspective, but...
"$40/bbl from the bad old days of half a decade ago"
I believe oil prices are up again and have now hit $108.
steam_cannon wrote: $100+ is about where oil prices crush the economy and crush demand for oil.
steam_cannon wrote: "Multi year economic recovery"
The dollar continues to lose value and the world is losing interest in US currency. On the individual scale, pay rates have remained stagnant and prices for every day things like gas, food and housing are up. Used cars are hard to get since the governments cash for clunkers buy back. Personal debt is soaring. The only brightside is the Jobs picture is less bleak then a few years back, except that's mostly only true for middle aged experienced workers and not younger people.
steam_cannon wrote:"housing values recovering"
After a great deal of Detroitification.
steam_cannon wrote:"slowdown in government spending"
Slowdown in spending is like buying everything on a credit card you don't pay, but slowing down a little. Slowing down doesn't pay off the credit card, it's still getting bigger and doubled over the last presidency (nothing personal Obama). And it's questionable if we can pay these debts.
steam_cannon wrote:"wars ending"
No such thing, though it's great to hear acknowledgement that we are in multiple wars, most people have lost count. But as far as wars wrapping up, I remember when Bush said that and it wasn't true then either. And even if we wrap up one of these wars, we'll just move the troops to another country and start all over again. Good or bad, the US operates in a perpetual state of war.
http://en.wikipedia.org/wiki/Timeline_o ... operations
diemos wrote:Slow Crash.
As Madge would say, "You're soaking in it."
John_A wrote:Soaking in what? Multi year economic recovery even with a slowdown in government spending, housing values recovering, wars ending, the price of oil down nearly $40/bbl from the bad old days of half a decade ago?
There are lots of "solutions" to peak oil, just none that replicate cheap oil.
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