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re: All major indexes down 3.3% or more today because of rout in oil, slowing demand
Posted on 1/15/16 at 12:59 pm to yellowfin
Posted on 1/15/16 at 12:59 pm to yellowfin
quote:
How is this even possible unless you're a kid?
Buddy of mine owns 22 houses. That's how.
Why put money in the market when you get recurring 25k+ month safely?
2
Posted on 1/15/16 at 1:00 pm to Kujo
quote:
will be $80 by summer 2017...like clock work
:can't wait:
Posted on 1/15/16 at 1:06 pm to Bunk Moreland
quote:
A lot of the economic doomer porn out there has been talking about a popping debt bubble. What's going to be interesting if we have some type of repeat of '08 is that oil was $147 in July '08 and I think still above $100 when things hit the fan that fall. Does cheap energy help us in this instance or only exacerbate the problems with the markets/economy? Also, will it be QE to infinity with the Fed or do they let things play out this time?
really good points
There is no doubt the Fed will start printing money like crazy....that's just what they do now. And at some point, inflation will hit - it has to - and I think it is somewhat intentional as inflation is basically the only way the Government will ever be able to pay off their debt IMO
Posted on 1/15/16 at 1:16 pm to gatorrocks
quote:
Why put money in the market when you get recurring 25k+ month safely?
There is nothing safe about having all of your money in one or two asset classes.
Posted on 1/15/16 at 1:18 pm to Shankopotomus
quote:
There is no doubt the Fed will start printing money like crazy....that's just what they do now. And at some point, inflation will hit - it has to - a
People have been saying this for a while but the dollar just gets stronger and stronger.
Posted on 1/15/16 at 1:19 pm to gatorrocks
quote:
Buddy of mine owns 22 houses. That's how.
Why put money in the market when you get recurring 25k+ month safely?
I'd prefer to be more diversified myself and the market doesn't require me to get calls from tenants on the weekend
Posted on 1/15/16 at 1:20 pm to slackster
We gone get a stimluh chech! 
Where muh check at?
Where muh check at?
Posted on 1/15/16 at 1:21 pm to slackster
exactly. inflation numbers are being manipulated and the dollar is approaching bubble status
but hey I am a doom and gloom guy, people hate appraisers because they bring levity to the markets remember?
but hey I am a doom and gloom guy, people hate appraisers because they bring levity to the markets remember?
Posted on 1/15/16 at 1:22 pm to slackster
quote:
My position is that calling for cheaper gas is akin to calling for a global recession at this point.
Posted on 1/15/16 at 1:23 pm to Bunk Moreland
quote:
Does cheap energy help us in this instance or only exacerbate the problems with the markets/economy?
Good point. I have no idea.
Posted on 1/15/16 at 1:25 pm to gatorrocks
I don't buy a damn thing based on writing. I buy things because they satisfy a need
Posted on 1/15/16 at 1:28 pm to slackster
quote:Thanks. I don't pretend to have all the answers.
Russian, I consider you pretty well educated on financial topics. Explain to me how $20/bbl would be a good thing for the global economy given the current dynamics at play?
But I do know that low cost energy is the life blood for economic growth. At least that's the way it's always been.
The oversupply of crude is a result of slowing economic growth (not the other way around), better extraction/production techniques and the Arabs trying to put the fracking industry out of business so they can corner the crude market again.
Posted on 1/15/16 at 1:30 pm to slackster
Money is just moving. It will find better investments. Give it time. Low oil prices are a net positive across the economy.
Posted on 1/15/16 at 1:31 pm to oleyeller
quote:
my life hasnt changed a bit because of this except better gas prices which i will gladly take. Soryy anyone lost money in market or oilfield. Not my prob
Want to make sure I have the right person - you're the guy who bragged about smoking cigarettes at the blackjack table and if others don't like it they can "get the hell up from your table" that also never hits on 16 no matter what correct?
Posted on 1/15/16 at 1:40 pm to the_watcher
quote:
my life hasnt changed a bit because of this except better gas prices which i will gladly take. Soryy anyone lost money in market or oilfield. Not my prob
Want to make sure I have the right person - you're the guy who bragged about smoking cigarettes at the blackjack table and if others don't like it they can "get the hell up from your table" that also never hits on 16 no matter what correct?
fricking millennials
Posted on 1/15/16 at 1:42 pm to LSURussian
quote:
But I do know that low cost energy is the life blood for economic growth. At least that's the way it's always been. The oversupply of crude is a result of slowing economic growth (not the other way around), better extraction/production techniques and the Arabs trying to put the fracking industry out of business so they can corner the crude market again.
That is my position as well, hence the reason I likened lower prices with a call for a recession.
The world cannot have their cake and eat it too. It does not mean good things for the world if oil prices continue to fall. I'm not exactly sure how someone can argue against that point.
To clarify, I'm not advocating for $120/bbl, and oversupply is a major issue, but oil is trading well below the inflation adjusted numbers from the early 1990s right now. More movement to the downside is going to come from decreased demand, not an increase in supply IMO.
If you want your gas to only cost $1.25, you have to understand that the only scenario where that is likely is NOT good for the global/US economy.
Posted on 1/15/16 at 1:42 pm to gatorrocks
Here's my prediction ....with gas prices being low politicians will take the opportunity to raise taxes on gas.
Posted on 1/15/16 at 1:49 pm to oleyeller
quote:
my life hasnt changed a bit because of this except better gas prices which i will gladly take. Soryy anyone lost money in market or oilfield. Not my prob
Gloating about having $0 in the stock market? Enjoy being poor forever and working right up until the day you die.
This post was edited on 1/15/16 at 1:55 pm
Posted on 1/15/16 at 1:49 pm to LSURussian
quote:
I do know that low cost energy is the life blood for economic growth. At least that's the way it's always been.
You can't make things without energy, be it calories or BTUs. So low energy inputs give more potential for growth.
I'm not an expert, but the short term problems seem to stem from losers on the bust side and budgets too dependant on one commodity. The long term looks very bright with the technological innovation having cheaper fuel imo. You know, assuming we don't kill ourselves first.
Posted on 1/15/16 at 2:30 pm to PhiTiger1764
Passive income... who needs that?
Oldyeller has proven himself an idiot on the MSB numerous times; I'm not surprised his knowledge of other topics is similarly limited.
Oldyeller has proven himself an idiot on the MSB numerous times; I'm not surprised his knowledge of other topics is similarly limited.
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