Here comes the furloughs

[JoeMerchant]

http://www.ronpaul2008.com/issues/inflation-tax/

 

[Cobraair75drvr]

Andy,

Blasphemy, Dal is going to take delivery of hundreds of 777s and blanket the globe while the rest of us will bow in their presence.

The Fed has a couple more rate cuts left; they'll probably expend those bullets before summertime. At that point, the dollar will likely be at it's low point. By then, I'd expect to see the rest of the world cut their rates due to their economies slowing down. After the second rate cut or whenever the Fed funds rate gets cut to below 1% (in case they decide to spread the cuts out to 3 cuts), I would expect to see the dollar strengthen.

As for oil, it looks like commodities speculators are starting to unwind their positions across all commodites (not just oil). Oil prices should continue downward; worldwide demand is decreasing.
OPEC will likely cut production targets in the next couple of months, but that will not stop price declines.

All of the above will not matter much; we're going into a worldwide economic slowdown. Airline passenger traffic is going to decrease. That will result in less block hours and less pilot jobs.
It's the economic circle of life.

 

[Noserider76]

Andy,

Blasphemy, Dal is going to take delivery of hundreds of 777s and blanket the globe while the rest of us will bow in their presence.

Just a curtsy will do in your case, dude. I've had enough of the crapping in each other's hats and pissing in each other's coffee for a good long while.

 

[jke406]

....I hear Obama is consulting with his spiritual advisor on how to deal with the economy....

I guess "typical white people" (like Obama calls us) just don't get it.

Does that mean we can call someone a "typical [black/yellow/purple] person?" of course not.

Another sickening double standard...

 

[Max Powers]

Vote hillary or obama!!!!!!

Let the pendulum swing the other way!!!

From the ICSTFWRCCS Club

(I can't stand flying with republican cookie cutter suburbanites)

 

[TOOL CRIB]

From the ICSTFWRCCS Club

(I can't stand flying with republican cookie cutter suburbanites)

That's awesome

 

[Hank Hill]

Oil prices should continue downward; worldwide demand is decreasing.

Flat-out wrong.

It's true that demand in the USA has flattened out, or may be even slightly falling. But worldwide, demand is still growing at 2% per year.

Do some research next time before you pull "facts" out of your butt, please.

 

[Wesb737fo]

Flat-out wrong.

It's true that demand in the USA has flattened out, or may be even slightly falling. But worldwide, demand is still growing at 2% per year.

Do some research next time before you pull "facts" out of your butt, please.

Dang it-Hank, that sounds disgusting! I liked what Andy said. Can't I hang on to my fantasy world?

 

[atlcrjdriver]

While we keed about Hillary and keep hitting the rewind button to Rev Wright, do we have a real alternative to the presidency? To vote for McCain would be to vote for four more years of Bush. Can the US take 4+ more years in Iraq with no end in site? With the value of the US dollar at an all time low and oil prices at an all time high, do you really want someone that admits they know very little about the economy?

While the economic plans the democrats put out are not perfect, they are at least a start in the right direction.

 

[Andy]

Flat-out wrong.

It's true that demand in the USA has flattened out, or may be even slightly falling. But worldwide, demand is still growing at 2% per year.

Do some research next time before you pull "facts" out of your butt, please.

What percentage of world oil consumption does the US comprise? About 25%.
US demand was flat in 2007 and showed a .9% decline last month.
The rest of the world is flattening to near zero. That double digit annual growth in Chindia has evaporated.

I don't know how old the data is that you're looking at, but if you're looking at forecasts that call for global economic growth, they're not going to be valid. The EIA's been revising their estimates to near zero worldwide consumption growth, but that's based on a growing worldwide economy. They also call for a slight US GDP decline in the first half of 2008 and a rising GDP in the second half. Their economic forecasts are overly optimistic; it reminds me of the NAR's housing forecasts.