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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 387.98+1.3%Nov 28 4:00 PM EST
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To: carranza2 who wrote (88399)3/25/2012 3:18:32 PM
From: KyrosL  Read Replies (3) of 218074
 
It's almost a miracle the economy is doing as well as it's doing without housing. Every other post-WWII recovery depended heavily on a surge in housing.

One reason for the seeming miracle is the surge in oil/gas production, where for the first time in many years we are actually producing more oil in the USA every year, with imports dropping fast, and are self-sufficient in NG, with prices at generation lows. Chemical manufacturing is undergoing a renaissance based on feedstocks that are much cheaper than in Europe, Japan, and China. The "NG as transportation fuel" industry is in its infancy but destined to grow soon by leaps and bounds. Housing may be about to bottom, and if it does, watch out above.
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