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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: Bearcatbob who wrote (163960)2/15/2012 4:20:10 PM
From: robert b furman1 Recommendation  Read Replies (1) of 206338
 
Hi Bob,

I think our economy has anemically responded to excess stimulus -most of it was mis spent to political supporters 2- years ago.

In between local governments have downsized their expenditures.

This has been mirrored by an over exposed consumer.

Auto debt has been paid down and is beginning to pick up as the fleet of cars is high in miles and at a record age.

Real estate is still upside down and that's why big savings is going on 4% vs a negative number 8-10 years ago.

I see great economic activity where ever shale oil activity is going on.

Where natural gas has been strong - its stopping fast.

Oil unconventional drilling activity will continue to be robust for years.

This uses up tools trucks pumps pipes welders and the land owners are getting very wealthy leasing property.

Every 100 barrel of oil not imported puts that 100 with in our economy - plus all of the drilling activity.

Our economy has these underlying strengths being somewhat depressed to what has been a diminishing negative influence - cars are over and getting better - real estate is still lagging to a lesser degree and in areas (like Texas getting better now).

No recession but anemic recovery, the farther out you go in time, the better it will approach a typical recovery.

JMHO.

Bob
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