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Old 10-12-2011, 05:01 PM
 
2,674 posts, read 4,396,382 times
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Quote:
Originally Posted by EDS_ View Post
Given the extreme amounts of sideline cash and Fed inspired/funded liquidity out there if the economy starts to really pick up steam I think the Fed will have to slow things by elevating short term rates.

One easily seeable and somewhat easily preventable nightmare scenario is high cost push and high demand pull general price inflation at the same time. Lots of cash and a significantly improving employment pic might lay the groundwork for both. The Fed will not allow it. That's why I think a big time run up isn't going to occur. Slow, methodical, painful growth is about the best we can hope for.
Economics is one thing that is sorely missing in my formal education. Why the Hell did I have to take Latin yet econ wasn't even offered?

 
Old 10-12-2011, 05:26 PM
 
2,348 posts, read 4,821,263 times
Reputation: 1602
Quote:
Originally Posted by GreyDay View Post
Economics is one thing that is sorely missing in my formal education. Why the Hell did I have to take Latin yet econ wasn't even offered?
It's the 'dismal science', you're far better off with Latin and medicine..Make no bones about it though EDS is spot on with that prediction.

Bravo
 
Old 10-12-2011, 05:42 PM
 
373 posts, read 311,566 times
Reputation: 568
You can't hope to have a healthy housing with an unhealthy economy.

Bringing the Budget Numbers Down to Size - By Carrie Lukas - The Corner - National Review Online

U.S. Tax revenue: $2,170,000,000,000
Federal budget: $3,820,000,000,000
New debt: $ 1,650,000,000,000
National debt: $14,271,000,000,000
Recent [April] budget cut: $ 38,500,000,000

Let’s remove 8 zeros and pretend it’s a household budget:

Annual family income: $21,700
Money the family spent: $38,200
New debt on the credit card: $16,500
Outstanding balance on the credit card: $142,710
Budget cuts: $385

At best, we will have short cycles of good and bad.
 
Old 10-12-2011, 08:13 PM
 
2,206 posts, read 4,751,228 times
Reputation: 2104
Quote:
Originally Posted by EDS_ View Post
The re shoring of some manufacturing jobs is a welcome event - it looks like a lot more are coming back as well. Why do you see oil/gas prices falling? No question there is a lot of pent up demand in business and in the consumer.
The US imports less than 50% of its oil now and that number continues to decline.

US Oil Production will increase for the next 20 years due to the various oil shale plays - there are 1.5-2.0 trillion barrels of oil recoverable in just the US alone. That is a lot of oil - more than we have produced to date.

Bakken Oil, Eagle Ford, Utica Shale and other US Oil

Iraqi and Libyan production will jump significantly in the next few years.

Ditto all of South America. Colombia and Brazil will rival OPEC in about 7 years.

And this is without any of the exploration of the Gulf or US offshore.
 
Old 10-12-2011, 08:17 PM
 
2,206 posts, read 4,751,228 times
Reputation: 2104
Quote:
Originally Posted by dallasdean View Post
You can't hope to have a healthy housing with an unhealthy economy.

Bringing the Budget Numbers Down to Size - By Carrie Lukas - The Corner - National Review Online

U.S. Tax revenue: $2,170,000,000,000
Federal budget: $3,820,000,000,000
New debt: $ 1,650,000,000,000
National debt: $14,271,000,000,000
Recent [April] budget cut: $ 38,500,000,000.
Except federal royalties on all the oil I mentioned above is about 20 trillion dollars.

The resource plays ongoing in Canada coupled with the balanced budget up there means Canada has no deficit.

The work and frugal habits the new generations will develop due to this hard time will mean a very bright future.
 
Old 10-12-2011, 10:18 PM
 
19,822 posts, read 18,122,835 times
Reputation: 17302
Quote:
Originally Posted by TX75007 View Post
The US imports less than 50% of its oil now and that number continues to decline.

US Oil Production will increase for the next 20 years due to the various oil shale plays - there are 1.5-2.0 trillion barrels of oil recoverable in just the US alone. That is a lot of oil - more than we have produced to date.

Bakken Oil, Eagle Ford, Utica Shale and other US Oil

Iraqi and Libyan production will jump significantly in the next few years.

Ditto all of South America. Colombia and Brazil will rival OPEC in about 7 years.

And this is without any of the exploration of the Gulf or US offshore.
Roger that. I'm a big proponent of the notion that we are silly to import much BTU value when we have centuries of coal, gas, oil here and in Canada.

I think the issue is other than much of the coal little of these stores are cheap to extract.

I also think we should go full on into trying to harvest methane hydrates.
 
Old 10-12-2011, 10:46 PM
 
19,822 posts, read 18,122,835 times
Reputation: 17302
Quote:
Originally Posted by GreyDay View Post
Economics is one thing that is sorely missing in my formal education. Why the Hell did I have to take Latin yet econ wasn't even offered?
Take a look at these when you have a moment.

The 51 Key Economics Concepts | Library of Economics and Liberty

Employment Situation Summary
(click subject areas)

A Summary/Explanation of John Maynard Keynes’ <em>General Theory</em> (Aaron Swartz's Raw Thought)
 
Old 10-12-2011, 11:03 PM
 
Location: Dallas TX & AL Gulf Coast
6,848 posts, read 11,809,203 times
Reputation: 33430
Thread closed... as stated prior, this is not a discussion forum for national politics.

However, you are welcome to continue your discussion in the P&OC forum.
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