SonS said:
$this->bbcode_second_pass_quote('', 'b')ut people are certainly buying houses
PeakOil is You
Peak Oil - "we're in trouble with a capital 'T'"
Re: Peak Oil - "we're in trouble with a capital 'T'"
by shortonoil » Thu 29 Oct 2009, 16:12:03
Total new and existing home sales are 5.52 million per year. Total forclosures are 4.03 million per year. 73% of all homes now sold are now going into foreclosure. Comsumer credit is continuing to fall with the money supply. M2 has stalled along with the M2 money velocity. Explain to us how the economy can be growing when the money supply x money velocity is falling and unemployment is still skyrocketing upward?
Magic is a wonderfull thing to behold. Especially when it is conjured up by the same group who convinced Americans to sell their future to save banks and companies that gave themselves $trillions in bonuses as their companies were going bankrupt from incompendence, greed and down right theft.
A little bump in the economy is good. It will give the same bunch a chance to finish gutting the nation!
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shortonoil - False ETP Prophet
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Re: Peak Oil - "we're in trouble with a capital 'T'"
by Dreamtwister » Mon 16 Nov 2009, 00:29:25
$this->bbcode_second_pass_quote('shortonsense', '[')img]http://newsimg.bbc.co.uk/media/images/46632000/gif/_46632314_us_rec_oct09_466.gif[/img]
SOURCE: U.S. Department of Commerce
I'm sorry, I thought you wanted to be taken seriously.
Government statistics: The mass media equivalent of "I swear honey, I'm on the pill."
The whole of human history is a refutation by experiment of the concept of "moral world order". - Friedrich Nietzsche
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Dreamtwister - Intermediate Crude
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Re: Peak Oil - "we're in trouble with a capital 'T'"
by yesec9 » Thu 03 Dec 2009, 18:12:43
US 3Q GDP growth has since been revised down from 3.5% to 2.8%, amid a higher trade deficit (oil price) and lower consumer spending.
The governments' projections are almost always wrong and the actual figures tend to be lower than expected when the final stats come out. Take the IEA for example, over the course of five years they have had to revise their figures for 2030 consumption down by a full 25mbpd, to 105mbpd. More downward revisions to come.
The governments' projections are almost always wrong and the actual figures tend to be lower than expected when the final stats come out. Take the IEA for example, over the course of five years they have had to revise their figures for 2030 consumption down by a full 25mbpd, to 105mbpd. More downward revisions to come.
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yesec9 - Wood
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