A critical creative look at issues of Economics, Politics and Finding a Purpose in Life - Let's talk about it. I try to leave the woodpile higher than I found it.
Wednesday, May 07, 2008
When you see Oil Rigs in People's Backyard, the price bubble is about to burst
Long ago I said that everyone will have an oil rig in their back yard. This nice home with a Hummer in the front yard and an Oil rig in the back is a sign.
Hang on to your hats.
1 comment:
Anonymous
said...
Dream on. The dollar has been in a free fall for the past couple of years. You are not witnessing a bubble, you are witnessing a debasing currency. Gold is up, silver is up, oil is up, corn, soybeans, milk, ... *everything* is up. And it isn't this "cost of transportation" song and dance you'll hear on TV. Your government is "fixing" the housing bubble's collapse by printing money like mad.
1 comment:
Dream on. The dollar has been in a free fall for the past couple of years. You are not witnessing a bubble, you are witnessing a debasing currency. Gold is up, silver is up, oil is up, corn, soybeans, milk, ... *everything* is up. And it isn't this "cost of transportation" song and dance you'll hear on TV. Your government is "fixing" the housing bubble's collapse by printing money like mad.
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