“I think the strains on the global oil delivery system due to China trying to put in place a whole new US sized vehicle fleet in the space of the decade 2010-2020 are likely to be very profound, and I expect it to cause serious disruptions in the global economy.”
For anyone sitting on the sidelines wondering if they’ve missed out on something – S&P Price to earnings ratio.
I bought into this rally way back April, and sold in May. Wish I had seen the correlation between government security purchases and the run up back then, I probably would have stayed in longer. Regardless, I’m not really feeling as if I’ve missed out.
See this post by Steve for more data.
Where was I on December 9th? Hmm. Blowing off college courses, building a sega Genesis game copier from scratch in the hopes of getting rich, and planning a Christmas trip to Denver Colorado to visit family. The stock market did not exist in my world at the time. October 4th? Two months away from a move to San Francisco to take part in the dot com boom.
445 on the S&P, it’s right around the corner! Maybe this time around we’ll get things right? I doubt it.
We’re definitely in new territory now.
CPI jumps – Econobrowser post. Definitely pay attention to this trend.
Enter the gods of government: the Treasury Dept. and Federal Reserve. Their task: get fearful investors out of the Treasury bond lifeboats, into the frigid high risk financial markets sea to the sinking USS FIRE Economy â€“ where they can be put to work re-floating it.
The gods of government have so far taken a two-pronged approach: send rescue ships and boil the ocean.
The last two posts were found on Paul Kedrosky’s Infectious Greed.
“General Motors is a metaphor for the United States.”