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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: CBurnett who wrote (119106)4/28/2008 11:37:34 PM
From: MulhollandDriveRead Replies (4) | Respond to of 306849
 
i understand your attitude, but i'm convinced it isn't the oil companies at fault...part of the problem we have is a distortion of demand caused by the misallocation of capital in china...we did that to import lower prices and now the very things (commodities) needed to manufacture are being bid up because of that demand...

i don't know what can be done about that at this point...

otoh....we have an insane FED that is lowering rates and driving up commodities....destroying the value of the USD$...our outrage should be directed there....we have gone way beyond diminishing return with these rate cut gambits...inflation in food and energy is taking a serious toll on small business and consumers...obviously to the point of financial destruction

this will get very ugly very soon...most americans and small business do not have the capital reserve to meet these price increase over anything but the shortest of terms

the ivory tower a**holes academics who never ran a business or met a payroll are destroying our economic base with their financial tinkering meant to save WS bankers....



To: CBurnett who wrote (119106)4/28/2008 11:50:57 PM
From: Jim McMannisRead Replies (1) | Respond to of 306849
 
We've done our best to raise the standard of living world wide. Cough, China, India. We've left our borders open and swelled our population.
We've printed clownbucks so everyone could buy a gas guzzler and have 2 or 3 homes. We've stalled drilling ANWAR and new coastal regions. Stalled nuclear power. Now we are suffering yet another unintended consequence.



To: CBurnett who wrote (119106)4/29/2008 12:07:20 AM
From: MoominoidRead Replies (1) | Respond to of 306849
 
Yes, all the oil producers whose average costs are below the marginal cost of the highest cost producer are making a pile of money. But then argue for the windfall tax or whatever (maybe recycled to the consumer as a subsidy) if you think that this bad. That's very different from the belief that there is some conspiracy to raise prices. OPEC used to do that but they don't now really have the ability to increase supply, at least not in the short-term.