Fair enough, I get most of my economic data from reading Krugman’s section in the times, but I think it’s safe to say first hand data trumps third hand on this subject.
Aye, I feel like it’s not a good idea to rely on a finite resource to transport all the goods that people survive off of on a daily basis. But that’s just me.
^^^ It’s not a “finite” resource though. I put that in quotes because sure, at some point we could squeeze every last drop of the stuff from the planet. But even if we embarked on such a monumental task humans would evolve wings before it was completed. More than likely new technology will come along (regardless of government coercion) and we’ll no longer need it (or as much of it) for transportation. But it will always play a role in manufacturing, etc. We’ll never run out of the stuff even if we burned it twice as fast as we do now.
That’s not to say the price won’t go up or it’s scarcity increase (or decrease, as we’re finding out now), just that our high school earth science teachers taught us in absolutes because they were either lazy, didn’t know, or figured it was too far beyond our youthful minds to comprehend.
Just jumping in with a geology point-of-view; there is no such thing as peak oil, etc. It’s a hangover idea from 30+ years ago. Economics & technology effect our recovery rates, which in turn effect the price. But there is no shortage of fossil fuels and won’t be for a LONG time. Bump this post in 5,000 years please 
And I won’t get into environmental reasons to cut back, but economic reasons are debatable. And no, they’re not necessarily one in the same.
… This is just a pet peeve of mine if you can’t tell
Yikes. Verity is the spice of life, lol. But reading your posts, that makes sense
For a little levity, and on-topic;
^^That video…awesome.
I tend to disagree with him most of the time and I lost all respect for him when he was saying printing the trillion dollar coin was a good idea and that Obama should consider it. I collect raw data from the Nber and census bureau so we tend to not get influenced by others while analyzing it and come up with our own theories.
huh. I thought he was getting his info from the back of a fruit loops box. 
He definitely gets a bit too political with a lot of his writing, and the trillion dollar coin idea is probably the biggest example. That being said, I appreciate the fact that he explains how he came to conclusions and shows the data to back it up, makes it a much more reliable source in my opinion than all the pundits out there who spew bs but don’t explain how they came to that conclusion or show any back-up data (not saying anything towards you as you clearly know your stuff, but a lot of people tend to get their economic information from pundits who have no idea what the hell they’re talking about).
Clever. Regardless of whether or not you agree with what I have to say, the majority of the time you’ll at least see me post supporting data and show how I came to that conclusion.
Is S&P going to get to get a slight slap on the wrist for costing people billions? We shall see…
This kind of stuff makes me furious, most of all quotes like this:
“Standard & Poor’s denied wrongdoing. The company said the government “cherry-picked” the missives and took them out of context”
You can’t just say some evil shit then claim it was taken out of context. In what context can this not be considered malicious:
“Let’s hope we are all wealthy and retired by the time this house of cards falters.”
EDIT: Democrats introduce bill that would make student loans dischargeable with bankruptcy:
Who wants to play the game “guess which bubble is going to burst next?”. I can’t believe these idiots get elected into office.
How about that 2 year bond yield flat lining, money proving to be near worthless for almost 1.5 years!
I dropped this a few places on the 18th showing confluent support at $28.
I posted that gold seemed to be leading a metals down move on the 11th.
Metals got rocked today and not surprisingly the USD has been heading north all along the drop. The real question IMO is can the metals hold onto their longer term support? They’ve tagged it many times, the more often support is tested the more likely it gives way. I hear rumors of a WMT miss, maybe hinting at some deflation?
My buddy has me looking at marijuana stock now. He wanted to put 1k down and since then it has grow 1500%. I like looking into alternatives besides just long term bonds occasionally. Depending how things go in Colorado and a few other states I could see this stock sky rocketing eventually sitting back and watching for now.
My gut is telling me we have a major correction coming here shortly.
Occasionally I come to the idea that I know what I’m talking about when it comes to economics. Then you post these types of graphs and I’m quickly reminded that no, I really don’t lol.
Yeah I’ve seen people talking about investing in MJNA and some of the other companies on there now. Started off as a penny per stock and they’re up to .15 or so now. While it wouldn’t be a bad idea, I’m probably going to wait until it starts gaining traction across more states and companies start popping up that are more spread out. I’m pretty sure MJNA is only in California at the moment.
My charts/graphs are more about tracking price movement and attempting to gauge market sentiment/psychology. I mean you could take several key charts and seek some insight into economic conditions, though traditional “economics” are far more calculated and IMO far more contrived. 
Added—
I’m not an economist technically, in classical terms anyhow. I do track the USD, bonds, key stocks & commodities (metals & oil especially) and a few metrics over several time frames hoping to find our economy’s pulse. I’m not much of a math mind, reading the herds psychology is more my style.
Attention business owners and market investors: the president just asked a mother f**king reporter what he should do to fix the current financial problems we face. Isn’t that what we were waiting for, some GREAT leadership to give us some confidence? Start spending and investing folks!!!
Furthermore he gave MIC examples of where and we need to spend, spend, spend. Am I living in bizarro world right now?
Oh, and he also said he tries to never be 100% accurate or honest with the press.
He was being facetious. Since according to the press, and even worse, the facebook tools that make and share stupid graphics, everything he suggests is wrong because he suggests it.
Oh so he was just being a smart ass… much more Presidential. :tup:
Smart ass President > Dumb ass President.
I am not going argue with you here on how much of a complete fucktard this guy is. My point is about financial markets and the lack of confidence I and many CEOs have in what he is doing.
if you don’t have a board of directors, you’re not a CEO.
And what’d you think Bush was, a Rhodes Scholar?