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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 387.11+0.1%Dec 4 4:00 PM EST
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To: Haim R. Branisteanu who wrote (81090)10/10/2011 10:50:10 AM
From: KyrosL1 Recommendation  Read Replies (2) of 218178
 
If I had to bet right now, I would say the US will escape a double dip, unless Europe implodes in a big way. So I disagree with ECRI and many other voices that expect imminent recession.

There are some very favorable developments in the US, the chief of which is the boom in oil/gas exploration and production, which has big multiplier effects ranging from new chemical plants to exploit very cheap NG relative to the rest of the world, to new steel plants to produce drilling pipe, to excellent paying jobs in oil/gas E&P. Agriculture is also booming with big increases in export value. And the low dollar is kindling a modest revival in manufacturing. These developments are exactly the kind that produce long term benefits to the economy: productive investments rather than mindless consumption of imported goods and McMansions.
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