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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Snowshoe who wrote (1131)	10/12/2005 4:42:37 AM
From: Maurice Winn	Read Replies (2) \| Respond to of 218673

Snow, we need to go right back to the 1929 crash, Great Depression and associated Nazi nightmare, and the 1970s oil move from $2 a barrel to $40 a barrel to see as large flat-lining as we've seen since the Biotelecosmictechdot.com irrational exuberance deflation. The 1929 to 1945 era is one on its own. Which is not to say we can't achieve similar results with the right political will, which is evinced by many. The 1974 to 1980 period is comparable to now, but look what happened to oil at a time when oil was a much bigger part of industrial economies. It went up by a factor of 20. Compare that with the current situation where oil has gone from $10 a barrel [which was a 1999 low after a long period of higher prices] to $70 a barrel, which is only a factor of 7, at a time when oil is a much smaller chunk of the world's economy. Sure, there are some issues such as the Twin Deficits, but after 5 years or tidying up, a lot has been done. Less is left to do. SUVs need sorting out. Interest rates need to continue up. House loans need to be dealt with. Military spending could be reduced. As oil prices drop again over the next couple of years as competitor products and adjustments kick in, economic activity will accelerate again. Mqurice