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Kudlow's Goldilock's economy was built on one of the biggest asset bubbles known to the history of mankind: the housing bubble. At the same time high wage manufacturing jobs were disappearing from U.S. shores, the construction worker (drywallers, carpenters,bricklayers, trim carpenters...

I wouldn't call it booming. Even Toyota's sales are down YoY. If you use May sales data, the annualized new car sales for '08 will be 12.7 million vehicles, which in technical terms, is 'atrocious.' I believe annualized sales reached an eyelash under 17 million in 2005.

Saudi arm twisting in action. Watch Qatar, Indonesia and Algeria to follow, along with the UAE.

No foreign auto makers have any dealings with the UAW as far as I know. That's why they build their plants down south, where they can hire corn-fed, strong back, hard working farm raised labor, at about $13/hour. No pensions, basic health care, and few 401(k) plans, all in a low tax...

Trust me when I tell you that most parts of the country are getting pinched badly in nominal terms, and slaughtered in inflation-adjusted terms. If Shiller is right, the pain will last for a long time, and you are correct, the most important metric will be inflation-adjusted, gut-wrenching...

Another cut and paste. But da-a-aaaamn. What will become of us all if the RBS case pans out? How, exactly, are you positioning yourselves to hedge against the risks alleged by Janjuah and some others, if at all? Financial Fears Sweeping the Globe by: William Patalon III posted on: June...

Oil is fungible, though. So, as long as the U.S. imports any of the crude it uses, not buying from Iran just means we increase buying from others.

I'm not so sure. Saudi Arabia is pretty much OPEC. By increasing or decreasing production, they affect prices, and can twist arms of fellow members.

What do you expect Bodman to say? Seriously? At any rate, whether we who believe oil is plentiful, and delivery is being manipulated are right, or Mr. Bodman is right, the largest OPEC producer is ramping up production. Libya's comments are pretty much rendered meaningless on the news of...

Very, very eloquent and rational post, IMO. Buy irrational fear, and sell irrational euphoria. The trick is the timing, if you want to maximize profits. Sometimes, attempting to maximize profits puts you at peril, though. You'd be better off taking the chips when you can, long or short.

Saudi Pumping Extra Oil to Meet Demand: Saudi Source By REUTERS Published: June 21, 2008 Filed at 2:06 p.m. ET JEDDAH, Saudi Arabia (Reuters) - Top world oil exporter Saudi Arabia has decided to increase oil supply to meet demand from customers, a Saudi oil source said on Saturday...

I don't think anyone thinks a bombing campaign will be significantly successful. See my earlier post on this. However, what most people don't realize is that Saudi Arabia and Dubai are as concerned about Iran's regional aspirations and growing influence as anyone. Israel is sending a...

We shall not be foiled by the media lackeys. http://www.youtube.com/watch?v=vbB7LgdMUf4 <object width="425" height="344"><param name="movie" value="http://www.youtube.com/v/vbB7LgdMUf4&hl=en"></param><embed src="http://www.youtube.com/v/vbB7LgdMUf4&hl=en"...

Today was massive volume. Yes, it was quadruple witching, but still. Capitulation (intermediate term) selling of equities? Anyone?

Options Trader: Friday Outlook by: Philip Davis posted on: June 20, 2008 | about stocks: DIA / MER http://seekingalpha.com/article/82128-options-trader-friday-outlook This was one annoying week and we’ll be glad to see it end. In fact this whole expiration period has been a downer in...

Bleh. My barber told me I should buy oil today. I told him he should put some damn money in his shop.

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On a serious note, the fact oil wasn't up $20 on the Israeli War Gaming news is probably bearish.

Burma or Myanmar, I can never remember. ;)

From a newsletter that I wanted to share with all my fellow ETers. Check this out. Friday, June 20, 2008 - Vol. 10, No. 148 Is the FDIC Trying to Tell Us Something? Today's comment is by Eric Roseman, Investment Director and editor of Commodity Trend Alert. Dear A-Letter Reader...