well....I dont know about all that...
I have always been a republican, although now have moved to libertarian...yet, I really dont see such a serious threat from terrorism to warrant destroying our own economy...
In fact, we have some serious problems going on now and I hope we pull out of Iraq very soon...
We have a serious problem now with fuel. And, it isnt so much an oil problem as it is a refinery problem. They are operating at 100% and it doesnt matter how much backlog of oil we have, we cannot refine it fast enough.
We may be seeing oil at 225 within 3 years, as predicted by some experts who are pretty well connected.
What this means is, we are going to continue to see an increase at the pump AND we are going to continue to see food prices go up.
The middle class, who live at or nearly at what they make every month are going to be seriously hurt by this.
Spending is going to drop drastically. I see people on CNBC calling for an end to the recession very soon...but I think they are wrong.
The middle class has not started pulling back their spending all that much yet. I think they will start by 3rd or 4th quarter this year.
If the dollar is still weak, and housing is still unrecovered, etc....I think we are in for a deep and LONG recession.
Go ahead, call me paranoid. Unfortunately, I think I'm right.
As a side note, I would still buy oil...even though there is some consolidation right now after it's meteoric rise this last month....I really do think we are headed for over 200.
As unfortunate as this is, I plan to make some money off it
