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

To: Salt'n'Peppa who wrote (135162)6/16/2010 9:28:21 AM
From: microhoogle!  Read Replies (1) | Respond to of 206131
 
S&P - You are right about day to day noise about BP news that comes out and I agree with you. However if double dip recession turns into a reality, which I believe is going to happen - most in Oil & Gas industry will see substantially lower prices and I dare say BP will be half from where it is trading right now.
Hope folks in this thread will forgive me for this blasphemous comments <g>



To: Salt'n'Peppa who wrote (135162)6/16/2010 11:46:20 AM
From: Elroy Jetson5 Recommendations  Respond to of 206131
 
There's a very good reason why M3 is declining at a rate which matches the 1929 to 1933 period. We are in an economic depression.

This is the inevitable result when consumer, business and government debt levels have risen faster than incomes for an extended period of time, in our case since 1980. We have have reached levels which can no longer be sustained. Programs like TARP and Stimulus merely postpone the inevitable.



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