tag:blogger.com,1999:blog-99704500378481622.post7194576491475044147..comments2023-10-14T08:23:14.641-07:00Comments on The American Energy Crisis: If Merrill and Lehman are gone, Who's Left?A Quaker in a Strange Landhttp://www.blogger.com/profile/15425198389944137571noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-99704500378481622.post-81055140679899283242008-09-15T11:17:00.000-07:002008-09-15T11:17:00.000-07:00Bureaucrat:I see his point, and gave him credit.Se...Bureaucrat:<BR/><BR/>I see his point, and gave him credit.<BR/><BR/>See my next couple of posts.A Quaker in a Strange Landhttps://www.blogger.com/profile/15425198389944137571noreply@blogger.comtag:blogger.com,1999:blog-99704500378481622.post-9502911632792940302008-09-15T05:56:00.000-07:002008-09-15T05:56:00.000-07:00I agree that fuels will rise now; but I think not ...I agree that fuels will rise now; but I think not just a spike but a longer term increase as the short term peak runs into fuel demand for rescue/reconstruction and then winter heating.<BR/>I'm surprised you're calling a bottom for the stock market. I think it's still defying gravity and will fall for a lot longer. There's a lot of bad news to come, and the financial consequences and interlinks will take a while to unravel. But after that's all over, what's left to make money? Who's going to be buying anything in an economy which is 70% consumer-based? Come to that, which country is going to be buying US bonds or companies, especially now that the Government owns so many 'AAA' investments?<BR/><BR/>Oh well, there's always NEXT Sunday's announcements to look forward to!Donal Langhttps://www.blogger.com/profile/03421610061804732275noreply@blogger.comtag:blogger.com,1999:blog-99704500378481622.post-41454095895340339702008-09-14T20:38:00.000-07:002008-09-14T20:38:00.000-07:00Gold upDollar down-maybe cliff timeUS Stocks downB...Gold up<BR/>Dollar down-maybe cliff time<BR/>US Stocks down<BR/>Big foreign selloff of US paper<BR/>US long rates up<BR/>RE downturn accelerates<BR/>Great Depression 2.0<BR/><BR/>Then maybe Mr. Putin will activate plan B to bury the dollar and put the US empire in the deepfreeze before our incompetent politicians start WWIII.<BR/><BR/>If the USD goes off the cliff, the foreign oil producers who sell us 15,000,000 bbls of oil every day may balk at accepting any more USD IOUs for such a valuable commodity. If the USD sells off everywhere, Dick & Condi won't be able to single any country out for threats of military action etc.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-99704500378481622.post-62467347924064663192008-09-14T18:21:00.000-07:002008-09-14T18:21:00.000-07:00You talked about how "Mish rules" yet you don't se...You talked about how "Mish rules" yet you don't seem to be "seeing his point" that he's been making for a year and a half. Our economy is now deflationary. Massively deflationary. The peak oilers (like me) always concentrated on the oil supply, looking less at the demand. If you go to Marketwatch, the one guy Davidowicz who follows the retail industry is nearly screaming and crying at the same time saying that every single retail chain is down in sales except for WMT, MCD and one or two others. There is no money, period. There is no credit and nobody wants to lend. You can't make any real investment judgments under these conditions, can you? Demand is going to drop even more, if Mish is right, and apparently even a category 3 hurricane striking the heart of our refining complex can't move prices up. I don't want to be a screamer, but come on ....Bureaucrathttps://www.blogger.com/profile/07155397620665687612noreply@blogger.com