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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: lakesideinvestor who wrote (91707)	10/10/2007 3:40:15 PM
From: Umunhum	Respond to of 206125

I agree with your comments in general but we are not in a recession. A recession is defined as two quarters in succession with negative GDP growth. I don't believe the statistics that the government puts out. GDP is vastly overstated if you use proper inflation metrics and back out the inflation. Then subtract out all the hedonic garbage they use to puff up the number to begin with and I think you would come up with entirely different numbers. I also question the notion of using consumption (GDP) as a measure of economic health. Oil is marching forward. We still have 6 more weeks of shoulder season but that didn't stop the entire back end of the strip from breaking out to new all time highs today, including December 2010: futuresource.quote.com December 2011: futuresource.quote.com December 2012: futuresource.quote.com December 2013: futuresource.quote.com December 2014: futuresource.quote.com December 2015: futuresource.quote.com I continue to believe that crude oil futures offer the best risk vs. reward way to play peak oil.