A recession looms.

The decline in housing will bring down the economy and the stock market with it. The ridiculous belief that housing will stay strong as long as jobs stay strong, or a lands “softly,” does not hold water as more than 30% of the jobs created since the last recession were in housing-related activities.

I hate value words, like “strong”, when people refer to the economy. Give me numbers or shut up. Better yet, just shut up. It’s over.

Social mood will turn even more negative than it is now; that negativity will grow to other areas. The smart citizen will stop borrowing and pay down debt.

Pay down your debt; it is currently the best “investment” you can make with your money.

All Democrats and some Republicans are currently running from the President on the war issue, even if they voted for the war.

As a result, Hillary’s calculated bet of backing the war will turn out to be a losing position; she will not win the White House in ‘08, but may win in ‘12.

However, the Dems will not have that much success in ‘06 as they had hoped, but will seriously sweep in ‘08.

Iran will be attacked either by Israel or the U.S., and somehow people will still believe the price of oil will drop. They are loco.

All wars are costly and inflationary; war is not an economically effective use of dollars, and that’s why gold has increased from $270 in 2001 to its current price of $600+ in 2006.

If Iran is next, gold will continue its run, and so will oil.

The last empire was the U.K. in the 1800s, and at one point the sun never set on the British Empire; that ended in 1914 with the start of WWI.

The U.S. was the empire of the 1900s, and currently the sun does not set on the American Empire. We owe money or pay tribute to almost every country on the planet.

The U.S. is the Empire of Debt, our end will be marked as of the end of WWIII, whenever the hell that is.

Even Russia is now flush with cash. How? They paid down their debt from the USSR-days with profits from the current price of oil.

Old wars were fought for land and commodities.

New wars will be fought for commodites.

The dream of alternative energy is just that, a dream. Oil packs the biggest punch per pound and even at $350/bl. is cheaper than all other forms of energy, either in terms of transporting, or energy used to produce and bring to market.

If we aren’t a point of peak oil, why aren’t producer nations bringing as much oil to market as they can possibly pump?

U.S. became a net exporter of oil in 1970. China became a net importer of oil just recently, and their demand is estimated to grow.

But hey, what the hell do I know?

I’m outta here.

Said Uncle Jack @ 1:28 pm | Permalink   

1. Well I don’t know what you think you know but your summation seems pretty much on point to me. Scarey huh? I mean I am the liberal. I guess the difference between us comes down to what we think are the root causes and more importantly what we should do about it.

   Comment by Carol — 8/26/2006 @ 8:07 pm

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2. Root causes are moot.

   Comment by Uncle Jack — 8/28/2006 @ 7:32 am

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