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TPB
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2012 Feb 17, 10:58am
The Fucknuts are already talking about $4.00 gasoline by summer, for the whole week. Of course that's going to kick any glimmer of hope for an election time recovery sugar rush. Oil ended today over 104.00 after a week of the Policy makers reiterating, to a skittish market that wouldn't dare touch it for a little over 100, "Gas will be $4.00 by the Summer."
It's counter productive and just more incompetence of this administrations, that will screw up a good opportunity to have a productive year, with good job growth. That wont happen if we have to Give Exxon an extra 15% to 20% extra on every single purchase across the board to get raw goods and materials from source, manufacture, distribution, wholesale, retail, to consumer.
You want more labor on top of that? Good luck.
This pattern comes up every 6 months or so. People grow bored with Oil, leave it alone. Oil and Gas prices goes down. Growth happens, jobs get added, policy makers tout the virtue of high Oil prices. Everything goes south, and takes a chunk of the Stock market with it. Rinse and repeat.
2012 may be the best yet.
LOL, you must be a realtor. You need to stop drinking the coolaid and come back to reality. You dont remember the 1980's real estate bubble do you?
2012 may be the "best yet"is unintentionally funny.
That's like being happy you have a broken neck because at least the brain cancer diagnosis was wrong.
We have 1. higher taxes coming 2. higher deficits and total debt 3. unfunded social security and medicare (passed again) 4. higher oil, energy, gasoline prices 5. california has cap and tax 6. california has impossible deficits from illegal aliens 7. california has ever increasing foreclosures 8. fewer people employed every month. 9. more people on government assistance every month 10. falling value of dollar every month 11. increasing food and commodities prices
Did I leave anything out?
let's see bigsby
1. we were not yet hit by an asteroid
2. global warming is a hoax and earth is not buring up
3. mexican flatulence is not causing destruction of the ozone layer
4. locusts, pestilence and floods haven't gotten us yet
5. arab spring is not coming over here
6. 50 million people on food stamps means no unsightly bread lines
7. high speed rail between stockton and fresno will become reality
8. long term unemployed are cleverly filing for permanent disability, for being "depressed" over being unemployed.
Bigsby, you are correct. I did leave out all of the good news.
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Little have been said about the improving job situation.
The commerce department reported about 243K new jobs created in January 2012, notwithstanding government layoffs. Furthermnore, unemployment claims appears to be at the lowest level since the great recession.
These indicators are the most positive they have been for at least 4+ years. (Note that I am not saying the job situation is good, but it is obvious things are developing for the better) It appears the econoomy is turning the corner and finally lead by jobs and ultimately consumer confidence which will surely lead to housing price turnaround.
The next follow-up leading indicator will be consumer confidence which I predict will be up.
Last year around this time, gasoline price, Japan earthquake and Greece pretty much killed the positive momentum. Am really hoping that gas doesn't slow things down again. 2012 may be the best yet.
http://www.dol.gov/opa/media/press/eta/ui/current.htm
http://www.economicpopulist.org/content/unemployment-83-january-2012-243000-jobs-really
#housing