Quote:
Originally Posted by slakjaw
Yeah. is it really THAT bad Tabdul?
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This maybe the calm before the storm. This MAYBE the perfect storm that changes everything. The possibility is there like we havn't known since the Great Depression.
What has changed from a few months ago...not much...
Generally what has been happening is that to keep cash flowing or liquidity in the face of the SUB_PRIME Bond debacle the FED had to lower interest rates or risk a meltdown in the Bond Market (Bear Sterns deal averted that crisis and returned some stability to the market). That has meant higher oil prices as the dollar has fallen in value against those lower interest rates. Higher oil prices means even more slowing of the economy. CATCH 22.
FOR THE FIRST TIME SINCE THE GREAT DEPRESSION the old tools used to right the system are having decreasing effectivness.
Now U throw in world demand for oil, speculation of oil in the financaial markets (possible bubble as it is the flavor of the day) and instability (war with Iran) in the ME as an unkknown factor. Israel is ready to go...and will do so in the face of an Obama presidency.
Shakey enough for ya....now throw in a Left Wing Liberal that has NO ECONOMIC EXPERIENCE outside of South CHicago economics and what do you think the financial, corporate and monetary BOYZ are thinking?