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Tuesday, July 15, 2008
Pickens Plan
OFF the Math topic
I like Wind and Nukes better than the current transfer of wealth.
Pickens is always leading edge - I would add $700 B per year dollar export has to eventually return to the US and exchanged for something tangible. A selloff in foreign dollars would be a catastrophe and create a global recession. Bailing out banks and lenders only adds to the fire. That's what is fueling the selloff in stocks and bonds. Things are only going to get worse. If you want to see what a housing slump starts looking like, you should take a vacation to southern california where the real estate bubble was the biggest. 50% drop in prices in 2 years. More will be coming down the road as mortgages get readjusted. We'll be looking at 1992 prices shortly.
Our economy has got to get off oil. Americans have no choice but to streamline. Sacramento has got some great energy saving ideas especially for homes and transportation.
Pickens is always leading edge - I would add $700 B per year dollar export has to eventually return to the US and exchanged for something tangible. A selloff in foreign dollars would be a catastrophe and create a global recession. Bailing out banks and lenders only adds to the fire. That's what is fueling the selloff in stocks and bonds. Things are only going to get worse. If you want to see what a housing slump starts looking like, you should take a vacation to southern california where the real estate bubble was the biggest. 50% drop in prices in 2 years. More will be coming down the road as mortgages get readjusted. We'll be looking at 1992 prices shortly.
ReplyDeleteOur economy has got to get off oil. Americans have no choice but to streamline. Sacramento has got some great energy saving ideas especially for homes and transportation.
Pickens Plan Public Discussion Forum :
ReplyDeletewww.pickensenergyplan.com
Cheers.