patrick.net

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?

All the things that don't fit with your argument.

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.

Approximately 80% of the jobs created were burger-flipping, service sector, low wage-type jobs.
The twenty percent or so that were manufacturing were nice, but so small as to not matter much.

"These indicators are the most positive they have been for at least 4+ years."

Wow, we are in trouble.

clambo says

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.

I presume you are trying to be funny. There's a lot of ridiculous hyperbole on this website these days. Some of the posts would make more sense if it was back at the peak, but we are a long way from that now, and US prices in general are relatively inexpensive compared to pretty much all other Western nations. Even CA isn't that expensive comparatively, and the US has a stronger economy than many and a relatively straightforward path to solving its issues (read taxing appropriately), so I'm not quite sure why there is such an increasing level of doom mongering on here.

Yes, Tony, because that's clearly what I said.
I couldn't care less if people want to buy a house or not. That's up to them, but clearly houses are very affordable in many parts of the US and particularly with current interest rates. This site seems to completely revolve around the bay area where prices are much higher, but far too many people on here generalise that situation outwards for the entire country. I guess that is the nature of discourse these days - facts don't matter, you just have to keep shouting loud enough.

Aha,finally those $8.50/hr jobs are coming back and that will thrust the housing market into new highs,higher then the 2006 highs. LOL.

.

The BLS this month admitted that their 8.3% is total BS. At that rhythm, they'll soon invent the world's first negative unemployment rate. They made 1.2M people disappear from the stats last month, while every 4 months there are 1M more Americans.

robertoaribas says

bring on $4 gas, my properties are all located near light rail and/or close in to employment centers. I ride my bicycle to work..

Wow Robert, you don't say? What is your secret for being unscathed with the important drawbacks of higher gas prices. Like paying double for minimal food, than we were before this all started, because gas is more expensive, everyone is paying 20% inflation a year, for everything across the board, as a direct result of our last and current President Rat fink bastards selling the American people out to Wallstreet and greedy ass speculators.

I think that's great Robert, you live in your own little Snow Globe, wow, no I mean WOW! how in the hell did you fit your over inflated since of bike riding self, in such a little space?

bubblesitter says

Aha,finally those $8.50/hr jobs are coming back and that will thrust the housing market into new highs,higher then the 2006 highs. LOL.

Let's get back to the boom times! Give these burger flippers who earn $18k/yr a zero down zero percent ARM mortgage on a $600k home, and we're once again back in the boom times.