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Old 08-14-2010, 07:28 AM
 
2,600 posts, read 4,897,636 times
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I've read that if you price oil based on gold and not on the american currency there has been virtually no change in the price of oil.
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Old 08-14-2010, 07:43 AM
 
Location: Marietta, GA
7,862 posts, read 15,545,908 times
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I just love reading the doom and gloom on this board. What would we do without the people who glom onto any scrap of negative news and then try to draw a parallel to some other country or circumstance to illustrate their conclusion. In that process, they never include any of the other facts, news, prediction, or differences that would tend to refute or rebutt their hypothesis. It's really quite an interesting phenomenon.

I still want to know where all the doom and gloom people are who ridiculed anyone 12 to 18 months ago who presented any reality or positive spin, when the doomers were saying the Dow would be at 4000, and we'd be in the midst of a depression. They prognosticated all kinds of doom and gloom that has not come true. Not every economic downturn is the same. Not every situation follows the exact same playbook. We are seeing positive GDP, but fiscal policy from the US government is not helping. The deficit and long term debt, combined by the anti-business attitudes in DC and naive socialism are creating additional headwinds.

We'll see growth as long as people don't talk themselves into another downturn, and as long as Obama and his henchmen in Congress don't flush us down the toilet in the short term. The election in Nov will have some influence, since I believe there will be a rebuke of Obama and his minions. That may cause some shift in policy and could help us in the short term.
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Old 08-15-2010, 05:40 PM
 
48,508 posts, read 89,078,673 times
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The rpoblem I see is that frowth with the massive governamnt li
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Old 08-15-2010, 05:48 PM
 
48,508 posts, read 89,078,673 times
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The problem with that growth is that its mostly from liquidity from governamnt borrowing ans spending. The growth has i afct slowed durig the last qaurter and expecte to be even slower than previuoslt predicted. We are not leading the world out of this recession. The second thing is we are still borroweing and have not even began to lower the huge defcits with teh cuts and tax increased needed to bring it down. I don;t know what is going to happen but results from the spending have not been really good while accumlating massive debt that all say is unsustainable.Europe is on the path to lowering their debt and spending right now and eventaully the US musty or face a lowering dollar realtively and inflatio i this global ecomomy. Funny that the evry people who support the high euroepan spending realtive to GDP are now saying that europe is wrong in cutting cost.but europe ahs bascailly said totally rejected Obama at the G20 and G8.hey see the lesson in Greece while we ignore it for political resons that it does not fit in with the administration that stil doesn't see teh failure of its spending to improve the economy and future danger it brings.
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Old 08-17-2010, 07:52 AM
 
60,218 posts, read 46,839,676 times
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Hey, back in the 80's my TV told me we'd all be speaking Japanese by now.

Oh wait, now we will all be speaking Chinese....or not. lol.
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Old 08-17-2010, 08:43 PM
 
Location: Tucson/Nogales
20,411 posts, read 24,070,645 times
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Quote:
Originally Posted by JazzyTallGuy View Post
One thing about having an authoritarian government is its policy can change rather quickly. If the Chinese government determines that the one child policy no longer serves the national interest it will abandon it.
There was a poll recently done in China where they asked parents, if they'd have a second child if it was approved.

69% replied that one child was enough. They wouldn't have a second child.

Now, being an authoritarian gov't, yes, they could somehow force women to have another child.
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Old 08-19-2010, 11:26 AM
 
10,854 posts, read 8,541,286 times
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Quote:
Originally Posted by tijlover View Post
There was a poll recently done in China where they asked parents, if they'd have a second child if it was approved.

69% replied that one child was enough. They wouldn't have a second child.

Now, being an authoritarian gov't, yes, they could somehow force women to have another child.
When mentioned changing the policy I don't think I mentioned anything about forcing people to have children. The Chinese governemnt could provide economic incentives like tax credits per child, tax credits on child care, housing, eduation etc.
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Old 08-20-2010, 07:21 AM
 
2,414 posts, read 5,000,162 times
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Quote:
Originally Posted by neil0311 View Post
I just love reading the doom and gloom on this board. What would we do without the people who glom onto any scrap of negative news and then try to draw a parallel to some other country or circumstance to illustrate their conclusion. In that process, they never include any of the other facts, news, prediction, or differences that would tend to refute or rebutt their hypothesis. It's really quite an interesting phenomenon.

.
I know, this forum is so crackpot. There are actually people on here claiming the US is the next Brazil (poverty), others claim Japan. I come to this forum to have a laugh.
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Old 08-20-2010, 09:08 AM
 
60,218 posts, read 46,839,676 times
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Quote:
Originally Posted by stars99 View Post
I know, this forum is so crackpot. There are actually people on here claiming the US is the next Brazil (poverty), others claim Japan. I come to this forum to have a laugh.
Yes, remember this is the forum brought to you by the $9/gallon gas people....and the people where if a raw foods place has thier dairy products confiscated it's a corporate conspiracy....

Pretty much the irony is that the median level of finance and economics knowledge and education here is probably below that of any other randomly selected forum.
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Old 08-20-2010, 09:16 AM
 
60,218 posts, read 46,839,676 times
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Quote:
Originally Posted by LeavingMA View Post
I've read that if you price oil based on gold and not on the american currency there has been virtually no change in the price of oil.
I tried to explain the impact of the weakend US dollar on the cost of oil back when it's price went up. (essentially the point you are making) and showed how the prices of metals had shot up in "US dollars" to make the point stick.
(There was some speculation impact as well of course but that's a financial market thing and not the oil companies)

Among other things people accused me of being some sort of shill of the oil companies. Around that point I realized that I'd engaged in a contest not unlike standing near the monkey habitat at the zoo and throwing excrement back and forth so I left them to their bananas.

Other than political, where most everyone is insane.....I've never seen a forum where people that know so little and have no educational background in a topic make such strong claims about things wayyyyyy over their heads. Perhaps they pop into the medical forums and suggest lobotomies for bunion problems as well?
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