tag:blogger.com,1999:blog-20377909.post361004072495975622..comments2024-02-26T08:05:58.174-08:00Comments on ECONOMICROT: Daily Economic NewsRandyhttp://www.blogger.com/profile/09221346085089343469noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-20377909.post-28732985486185211012008-05-23T17:09:00.000-07:002008-05-23T17:09:00.000-07:00Appreciate the links and info Patrick -- scary as...Appreciate the links and info Patrick -- scary as usual.<BR/><BR/><BR/><BR/>PDM, Thanks for your vote of confidence.Randyhttps://www.blogger.com/profile/09221346085089343469noreply@blogger.comtag:blogger.com,1999:blog-20377909.post-50821112267281976562008-05-22T22:02:00.000-07:002008-05-22T22:02:00.000-07:00Randy,Congratulations on our son's graduation. If...Randy,<BR/><BR/>Congratulations on our son's graduation. If he is anything like his old man he will be many steps ahead.<BR/><BR/>Cheers,<BR/><BR/>PDMAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-20377909.post-61402341284741334142008-05-22T13:49:00.000-07:002008-05-22T13:49:00.000-07:00Want to see a stop-motion video about a couple of ...Want to see a stop-motion video about a couple of mice who must second-guess their real-estate-purchase descision? I made this video recently. Please check it out and comment. Thanks.<BR/><BR/><A HREF="http://www.conductusproductions.com/Movies.html#Blemish%20and%20Pittance:%20The%20New%20Place" REL="nofollow"> Blemish and Pittance: The New Place</A>Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-20377909.post-45272524916590237342008-05-22T10:25:00.000-07:002008-05-22T10:25:00.000-07:00WSJ: Oil Monitor (IEA) to Slash Estimate Of World'...<B>WSJ: Oil Monitor (IEA) to Slash Estimate Of World's Supply of Crude</B><BR/><BR/>The world's premier energy monitor is preparing a sharp downward revision of its oil-supply forecast, a shift that reflects deepening pessimism over whether oil companies can keep abreast of booming demand.<BR/><BR/>http://online.wsj.com/article/SB121139527250011387.html?mod=googlenews_wsj<BR/><BR/><BR/><B>Peak oil — once considered the domain of conspiracy theory buffs — has become hard economic fact,</B> as fears of an oil production shortage within five years sent long-term oil futures to almost $140 a barrel today.<BR/><BR/>[...]<BR/><BR/>“The little things pile up; if it’s not one thing, it’s another. This is generally the case when supply and demand are so tightly matched there is almost no margin for error. That’s where we stand now in terms of global oil demand vs. available daily supply.”<BR/><BR/>http://www.contrarianprofits.com/articles/oil-futures-hit-13950-as-investors-see-peak-oil-coming/2331<BR/><BR/>- - -<BR/><BR/><B>Wall Street's Racket Has Gone Too Far, and We're Going to Pay the Heavy Price</B><BR/><BR/><BR/>The important part of this is that the money is gone. <B>What makes matters truly eerie is that the "bubble" in suburban houses has occurred at exactly the moment in history when the chief enabling resource for suburban life -- oil -- has entered its scarcity stage.</B><BR/><BR/>The logical conclusion of all this is not what the American public wants to hear: We have become a much poorer society and are now faced with the unavoidable task of making major changes in how we live. All the three-card monte moves at the highest level of finance lately amount to an effort to avoid the unavoidable, acknowledging our losses. Certainly the political fallout of all this will be awesome. But it's not about politics, really. It's about the entire society's inability to form a workable new consensus of reality.<BR/><BR/>It's hard to predict how long these institutions at the heart of our economic system can linger in the "far from normal" limbo of pretending that money has not been defaulted out of existence. Since the same process is under way in Great Britain and Spain, places beyond the control of Bernanke, Secretary Henry Paulson and the Boyz on Wall Street, and since actions and reactions there will affect the destiny of money here, it’s hard to escape the conclusion that <B>we're at most months away</B> from the brutal recognition that Wall Street has managed to bankrupt itself (and, by extension, the United States). This is the dark heart of the matter of which no one dares speak.<BR/><BR/>http://www.alternet.org/workplace/86087/Anonymousnoreply@blogger.com