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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: russwinter who wrote (37346)	7/31/2005 12:11:28 AM
From: Crusader	Read Replies (1) \| Respond to of 110194

Won't we see $40 oil if there is a recession? A retracement before another leg up is a possibility no?

To: russwinter who wrote (37346)	7/31/2005 12:33:53 AM
From: mishedlo	Read Replies (1) \| Respond to of 110194

We would NOT have $60 oil today, if the printing presses hadn't been on full tilt. Keep it up and we will see $80 oil before long. Today or tomorrow? You ignore the growth in China, India, Brazil etc etc etc etc etc that is 100% inevitable. You ignore peak oil. You ignore geopolitical factors. Those are (over the long haul) far more important than US printing presses running on full tilt. BTW those presses are not on full tilt and have not been for some time as witnessed by money supply figures. China has been unleashed and regardless of what happens going forward, energy is likely to be a constraint. Oil is no more inflationary than soybean blight unless prices (other than gasoline prices) and wages go up because of it. Mish