Global Economy Bursting?

[Randolph Kinney]

Brent Touches $120 Overnight After Chinese Oil Facilities In Libya Attacked, Bombay Stock Market Plunges

 

[Couch Potato]

I'm thinking in a couple weeks of SELLING a couple hundred oz of silver.

It is tempting with the nice run up of more than 10% in the last couple weeks, but I think it is headed much higher.

 

[Terrel L. Shields]

Mark Zandi warned that unrest in the Middle East could put us back into recession. $4 gas is a deal killer for the commuter.

http://www.bloomberg.com/news/2011-...line-uncomfortable-for-u-s-economy-video.html

 

[Big ole Boy]

Will the States fall to the Federals?

Either the States will be successful at balancing their budgets or the States will become Federalized ...

.... I never see Gold or Silver lower ..only higher until the Dollar is used for TP.

 

[Randolph Kinney]

World's Biggest Pension Fund Will Likely Be Net Seller of Japanese Bonds

http://www.bloomberg.com/news/2011-...l-likely-be-net-seller-of-japanese-bonds.html

What happens when the retirement-age bubble bursts? A huge demand to pay out benefits (net sellers of assets) adding to the supply of debt putting pressure on interest rates to rise.

Who is going to buy bonds if not the savers and pension plans?

 

[Randolph Kinney]

Ireland's new government on a collision course with EU

http://www.telegraph.co.uk/news/wor...government-on-a-collision-course-with-EU.html

70% voter turn out to throw the *astards out is a very strong signal to other like-minded politicians in other countries.

Irish default can have a ripple effect and the EU knows it.

 

[Terrel L. Shields]

Civil unrest isn't now nor going to be in the future limited to the Arab countries and N. Africa. Greece, Ireland....EU nations are dealing with some very unhappy workers. Even Venezuelan leader Chavez had to give in to a student protest over food prices...

And the Public Sector Labor Unions are protesting in several states....So, Coming Soon to A Nation Near You...too near, perhaps

 

[DTB]

I'm thinking in a couple weeks of SELLING a couple hundred oz of silver.

I'll keep on trying to buy what's going up and selling what's going down.

 

[Randolph Kinney]

China's holdings of US debt jump 30 percent

http://finance.yahoo.com/news/Chinas-holdings-of-US-debt-apf-3118302220.html?x=0

Surprise!

 

[Restrain]

Surviving $4 gas shock:

Consumer reports did a review of the Chevy Volt and essentially said, What the heck?! It doesnt make economic sense. Even with the govt subsidy, the cost would be almost twice what the Prius, etc are running.

To survive $4 a gallon gas, the most efficient vehicle is one that is paid for. To go buy a new car just to get an additional 10 mpg is not a good idea. You have the cost, interest, increased insurance costs, etc on the new car to save a little. If the car is paid for, insurance costs decline sharply, no payment, no interest costs, and, unless you drop the tranny or blow the motor up, repair costs will still be far less than if you have monthly payments. Alternatively a decent used car is still much more cost efficient than buying a new car. Someone else has taken the 50% new car hit, without using up 50% of the car.