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

To: John Vosilla who wrote (96413)	8/18/2008 6:42:41 PM
From: GST	Read Replies (1) \| Respond to of 110194

John, the people who are in trouble are those whose finances depend on the purchasing power of the US dollar -- now you tell me, are 350 million Americans who will face soaring prices in dollars hurt less than foreign investors? All they have to do is what they are already doing -- flee the dollar. Try living and working in the US and fleeing the dollar -- not so easy. To the rest of the world we will simply be those poor people with bad credit to which you charge a higher rate of interest because of the higher default risk. You see, there are people in the world with strong balance sheets -- we are not among them. And our balance sheets are falling apart fast as our "investment" in housing goes up in smoke, our federal debts soar and our current account deficit crushes the dollar.

To: John Vosilla who wrote (96413)	8/18/2008 7:44:28 PM
From: KyrosL	Read Replies (3) \| Respond to of 110194

I know it's fashionable to lament the economic malaise in the US, and sometimes I even do it, but ... In the last few years the amount of natural gas discovered in US shale oil fields, made extractable by new technology and the new higher NG prices, is estimated at a staggering 2.2 quadrillion cubic feet. Enough to supply the US for 120 years at current production rates. Message 24817036 At $2 per 1000 cubic feet, the value of that is more than $4 trillion. That's just one glimmer of hope, among many others, that shows that the long term health of the US economy may be better than many people think.