Bangkoktraveler Posted March 22, 2008 Report Share Posted March 22, 2008 Went to a Walmart grocery store today. I talked with with one woman and noted that there are less aile space for food because more space is now devoted to dog food. Are some people eating dog food? Link to comment Share on other sites More sharing options...
chuckwoww Posted March 22, 2008 Author Report Share Posted March 22, 2008 Wasn't labelled 'Soylent Green' was it? Link to comment Share on other sites More sharing options...
Old Hippie Posted March 25, 2008 Report Share Posted March 25, 2008 OK, so gold is down...and I see Oil is as well, so has world demand for oil dropped? or what? Link to comment Share on other sites More sharing options...
pe7e Posted March 26, 2008 Report Share Posted March 26, 2008 No, there's just a bit more confidence back in the market now the fear as subsided, IMO gold will continue to fall but oil will remain strong since demand is not going to decline. Link to comment Share on other sites More sharing options...
Hugh_Hoy Posted March 26, 2008 Report Share Posted March 26, 2008 I think your speculation about oil is off. The price of oil has had nothing to do with "demand". All "experts" I've read confirm this. Plenty of oil available. And demand is down in the U.S. Forecast I read today on the net is for oil to continue to decline in demand and price as stockpiles build up. HH Link to comment Share on other sites More sharing options...
chuckwoww Posted March 26, 2008 Author Report Share Posted March 26, 2008 A recession in the West should make for less demand but it's mainly a question of what happens with the US dollar IMO. Oil producers haven't been happy with the way it's been declining. Link to comment Share on other sites More sharing options...
Hugh_Hoy Posted March 26, 2008 Report Share Posted March 26, 2008 Oil producers haven't been happy with the way it's been declining. U.S. consumers of foreign goods haven't been happy either. HH Link to comment Share on other sites More sharing options...
chuckwoww Posted March 26, 2008 Author Report Share Posted March 26, 2008 It's the Fed's big problem. M-3 money supply. They need to keep pumping money in to prop up the stock market. But the more they print the more they undercut the purchasing power of the dollar. Link to comment Share on other sites More sharing options...
elef Posted March 26, 2008 Report Share Posted March 26, 2008 It's the american real estate sector which is the problem, the danish textTV yesterday cited the chief economist of OECD predicting an upcoming crisis the biggest in 40-50 years. Some guess that the prices must come down 30 % before the crisis is over. Link to comment Share on other sites More sharing options...
Old Hippie Posted March 26, 2008 Report Share Posted March 26, 2008 Homes in my area could fall 50%, and they'd still be too damned expensive. Until they just stop printing money, and stop giving credit to people who can't pay it back, nothing will change. Also need to stop shipping jobs over seas, and start producing more here. I think I have about 3 credit cards I rarely use, each has a maximum limit, that would allow me to max out, and owe more than I make in a year, and every day I get more offers in the mail, for more cards...it is like they just want you to run up a debt and then default on it...except changes to the laws make it harder to do that... Link to comment Share on other sites More sharing options...
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