Bjerknes

"Top Economist"
Mar 16, 2004
116,959
:D money coming slow indeed, so what do you think of the markets pulling back?
The disconnection between main street and wall street is one for the ages. These markets can continue being pressed up for a while but sooner or later something is gonna break the back of equities. They're pricing in GDP growth of 6% each year and I don't see it happening, especially since it's mostly government spending in the prints. Not to mention Greece's deficit this year as a percentage of GDP is about equal to ours in the United States, so I don't see this ending well.

Might need a Black Swan to set things in motion downward.
 

JBF

اختك يا زمن
Aug 5, 2006
18,451
That's ca $1.33/gallon. The price for a gallon here right now is ca $2.87 and I assume much more expensive in Western Europe.
I didn't say it was the most expensive price but come to think of it, we've it cheap for a reason and that is that we're close to where the oil rigs/pumps are so the delivery(I know :D) costs are lower from pumping it to Europe or on gigantic ships to the US.
 

Zé Tahir

JhoolayLaaaal!
Moderator
Dec 10, 2004
29,280
:lol2:

My accent ain't that strong, brah!
Just saying :D

I didn't say it was the most expensive price but come to think of it, we've it cheap for a reason and that is that we're close to where the oil rigs/pumps are so the delivery(I know :D) costs are lower from pumping it to Europe or on gigantic ships to the US.
Yeah, that makes a big difference.
 

Bjerknes

"Top Economist"
Mar 16, 2004
116,959
I didn't say it was the most expensive price but come to think of it, we've it cheap for a reason and that is that we're close to where the oil rigs/pumps are so the delivery(I know :D) costs are lower from pumping it to Europe or on gigantic ships to the US.
This is why our Pax Americana and new vision for the East must occur. The more pipelines we got heading to the West, the better. No more shipping around Africa and to the damn Chinese.
 

JBF

اختك يا زمن
Aug 5, 2006
18,451
This is why our Pax Americana and new vision for the East must occur. The more pipelines we got heading to the West, the better. No more shipping around Africa and to the damn Chinese.
You could start by digging those oil reserves in Texas and California. Much cheaper I say but as long as Saudia offers theirs no need to do that I guess.
 

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