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Originally Posted by I R DANIEL (Sin
my assurance outranks other's opinions becuase i study business and economics at a university. i dont think most people on this board even go to school.
yes, the US economy as slowed down a bit. but that does not mean that we are headed into a recession or a depression. and the slowdown of the US economy has nothing to do with the price of oil. the US economy has been slowing down for the last 5 years. and yet the price of oil went higher. which would contradict you're opinion on the pricing of oil. (and oil has just recently beginning to drop this week. last week it reached it's peak at about 140).
and what Anheuser-Busch being bought out has nothing to do with the well being of the economy. that was strictly a good business decision. and there are thousands of popular companies in the US that were bought out by foreigners. it's not a bad thing. and it's not a good thing. people selling their business doesn't mean their business failed. and infact, selling one's business is irrelevant in comparison to the health of a country's economy. especially MNE's like Anheuser-Busch who have markets all over the world.
and if we're fucked, then the whole world is fucked. b/c many other countries are experiencing the same exact problems we are.
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I'll let you in on a little secret. Anyone who tells you that they study the economy and that they understand it (beyond the basics of supply and demand) is full of shit. And if anyone has been able to accurately predict the economy it is only because they just so happened to make their prediction during a time when nothing really changed.
The truth is economics are helpful in trying to figure out how an increase in the cost of oil will impact other areas, what it is not good for is trying to predict what it will do next. You're under the assumption that everything just happens on its own, following a certain pattern or rules that can be predicted. I'm under the assumption that our economy is under the control of a small group of well connected and very wealthy individuals, and since the two sectors of the economy that are acting the strangest are oil and the FED, that leads me to believe that the people involved work in those two fields.
Oil has gone up even though "we" (US based oil companies) now own all the oil in Iraq. Oil companies are screaming that its a supply and demand issue, just to shift blame from the real cause, even though full tankers of oil just sit and wait outside large oil refineries, more so than in the past. There is no shortage of oil, merely the illusion of it, and why would someone want to do that?... didn't Bush just close the ban on drilling in protected waters?... Hmmm I wonder why.... I'm sure Daddy's company will be the first one to buy up all that open land...