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

To: elmatador who wrote (5254)	4/7/2006 6:56:20 AM
From: carranza2	Read Replies (3) \| Respond to of 218615

Wonderfully astute points, elmat. The oil producers must recirculate those dollars. Some will go to the locals and locally spendthrift projects like the real estate and hotel developments in Dubai which are unlikely to ever be profitable, not that it matters as oil revenues will keep coming in. Such is the nature of easy money--easy come, easy go. No hardheaded number crunching since the cash will flow like oil regardless of stupidity. Many of those oil dollars, who knows how many, are going to go back to the US to pay for baubles, frills, blondes, booze, bets, and some serious investments. In the end, a good chunk of what we spend will come back. The oil money, or some portion of it, will be recaptured somehow because it is stupid money.