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

To: GST who wrote (53902)	2/16/2006 9:32:43 AM
From: Mike Johnston	Read Replies (1) \| Respond to of 110194

For example, as we deplete our oil reserves and as hundreds of millions of new consumers flood into the market for electricity and cars the price of oil has only one way to go and that is up even if money supply is held constant. Without increasing amounts of currency in circulation, hundreds of millions of new consumers will not be able to afford any new cars. After all, how many new boats, second homes, SUVs and ATVs would J6P be able to afford if not for his equity gains on primary residence, courtesy of massive credit and money supply excesses. As far as oil is concerned, while i suspect that indeed peak oil is close at hand, there is no definite way of knowing whether the doubling of oil price has to do with the fact that oil production has already peaked or because of massive increases in money supply from ECB, the Fed and last but not least the BOJ. And I have always despised CNBC, from the day they shut down their competitor (FNN), which was a superior financial network. CNBC was originally called Consumer News and Business Channel and was personal finance channel. They could not compete with FNN so they bought it, and promptly shut it down.