Crude at $65 will signal market callapse

Simple economics of supply and demand...

Bush is an oilman who has many friends in the US and the world who SUPPLY the world with oil and bush and his friends DEMAND they make a fortune by milking this president thing for all it's worth.....

My recommendation.....

Bush in office = long oil

Bush out of office = short oil


when bush first took office I was getting gas for .99 cents a gallon...now I pay $2.45 and rising. coinkidink...I think not...

Sure wish he was in the peanut business....:D
 
Quote from chlawfirm:

only $6 to go. And for those of you who believe high oil prices are a sign of a strong economy I say this to you .........."its inflation and subsequent higher interest rates which bring markets down......regardless of how strong the economy is because markets look to the future not the present.
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Alberta energy stocks have been an excellent bet recently. I see more upside. Inflation? I have a fixed 15-year and 30-year mortgages on housing. I say bring it! :)
 
Oil and interest rates were much higher when the peanut farmer was in office.

So please explain the connection????

SteveD
 
Quote from chlawfirm:

only $6 to go. And for those of you who believe high oil prices are a sign of a strong economy I say this to you .........."its inflation and subsequent higher interest rates which bring markets down......regardless of how strong the economy is because markets look to the future not the present.
More...

Ummm.... normally you would be right.

Except for the fact that this run up in oil is 'conveniently' occuring at a point when strong deflationary influences appeared in our economy. Hence, the whole bond yield 'conundrum'.

What's the best way you know to incite inflation? Raise oil prices - that affects everything! Keep them high enough and prices will surely start to rise! And when inflation is too high, then bond yields will also start to rise, resolving the problem of the "conundrum". That gives the fed the ability to raise interest rates some more, and then drop them in the future to stimulate the economy or the equity markets.

So, sorry, at this time, inflation is GOOD for most markets (except bonds) and equals rising prices. Frankly, I think this is priced into the market already.
 
I dont think anyone has priced $65 plus a barrell into the equation. We are heading for a really hard landing I fear with oil spiralling higher and as quickly as it is.
 
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