Some expert who predicted the last couple dips has predicted another dip coming this year. The culprit is deflationary pressure due to people getting pay cuts and inflation taking away any rises they receive. People just cannot afford to keep up their bills. Increasing spending is just not in the cards for most people. This will cause the FED and other countries to keep interest rates low because they will be afraid of slitting the throat of any real recovery. Inflation will most likely go up to 4% before it plummets to nearly negative teratology.
Grease "Must be bailed out for the Euro Zone to continue." That is a frightening statement. Who is going to bail out Grease? Who has the money and will? I think the U. S. should bail out Grease and demand a proxy membership and a veto power in votes. What do you think?
Oil is going to hit $100, $150, $200 over the next couple of years and stay there. The planet is hitting the peak of the amount of oil they can withdraw from the ground and process. No one wants to bring any more capacity online. Biro oil is not working out. No one uses electricity to move cars around on mass. In short, we are screwed. Buy a nice bicycle and get in shape.
This is almost enough to make one invest in canned food and shotguns. "They can all go to hell. Except cave seventy six!"
No comments:
Post a Comment