[Twilight]

$this->bbcode_second_pass_quote('', '"')The reality is that [US] consumers are willing to pay high prices."

[KevO]

$this->bbcode_second_pass_quote('Twilight', '')$this->bbcode_second_pass_quote('', '"')The reality is that [US] consumers are willing to pay high prices."

[americandream]

Pavlov's dogs......you heard of them?

[ohanian]

Europe says
This is the Final Countdown!

http://www.youtube.com/watch?v=ASisLT5XHtg

We're leaving together,
But still it's farewell
And maybe we'll come back,
To earth, who can tell ?
I guess there is no one to blame
We're leaving ground
Will things ever be the same again?

It's the final countdown...

We're heading for Venus and still we stand tall
Cause maybe they've seen us and welcome us all
With so many light years to go and things to be found
I'm sure that we'll all miss her so.

----------------------------------------------

Peak Oil Version
============


We're peaking together,
But still it's farewell
And maybe oil will come back,
To twenty bucks, but who can tell ?
I guess there is no one to blame
We're leaving the plateau
Will things ever be the same again?

It's the final countdown...

We're heading for Catastrophe and still we stand tall
Cause maybe they've warned us and beg us all
With so many mouths to feed and solutions yet to be found
I'm sure that we'll all miss cheap oil so.

[RonMN]

1 gallon of gasoline = 150 hours of slave labor...

If I paid somebody to clean my house...how much would it cost for them to work 150 hours? More than 3 bucks i would guess.

An SUV get approx. 12 miles per gallon...so how many "man hours" would it take to HAND-PUSH that SUV 12 miles? (150 sounds reasonable...10 men 15 hours)...

Yup...I'll pay $15-20 a gallon!!! It'll kill my budget...and then kill me...but if it's available, I'll pay it!

[Ludi]

$this->bbcode_second_pass_quote('KevO', 'I') think it's more an attitude of 'fuck it, let's party'
The attitude to Global Warming is, generally, acceptance that it's man made and oh well, too late, pay lip service......party especially in the UK. They have to keep putting interest rates up here coz nobody seems to care.

With peak oil it's similar. No longer is it, -stop flying it fucks up the atmosphere', it's more 'quick, go visit the places you've always wanted to coz there won't be enough oil soon'

[FoxV]

$this->bbcode_second_pass_quote('Twilight', 'A')nd they can, so long as banks are willing to lend money.

I do have to wonder just how much resilience to effects of recession is still left in the general populace though.

[Kristen]

Take a prozac, everything will be ok. I think people know the truth, fear just empowers them to not admit it

[max_power29]

I am convinced "Business as usual" (at least in the U.S.) will never be stopped by increases in price. It will only be stopped by actual physical shortages.

It will still be a long horrible grind for everybody but there will not be TSHTF until the fuel is physically unavailable at any price.

Ie. depression vs. recession, chaos in the streets as opposed to relative order.

[JRP3]

Well I think at some point the price will start to impact the cost of living enough that it will really be felt by the average Joe. Shipping costs will start to skyrocket which will drive up the price of everything, and the cost of travel will double at $6 a gallon. People spending $50 a week to get to work will be spending $100, and that's going to hurt.

[erb]

and why wouldnt the pay to keep driving the economy is fine and everyones getting pay raises

wooo hooo p a r t y

http://news.yahoo.com/s/ap/20070706/ap_ ... fi/economy

$this->bbcode_second_pass_quote('', ' ')Payroll growth significant in June
By JEANNINE AVERSA, AP Economics Writer

WASHINGTON - Employers boosted payrolls by a better-than-expected 132,000 jobs in June, enough to keep the unemployment rate at a relatively low 4.5 percent. It was another sign that the economy is snapping out of a nearly yearlong sluggish spell.

The latest picture of the nation's employment climate, released by the Labor Department on Friday, also showed that workers saw solid gains in their wages last month.

The tally of 132,000 new jobs was stronger than the 125,000 that economists were forecasting. They did, however, predict that job growth would be sufficient to hold the unemployment rate at 4.5 percent, where it has stood for three straight months.

"The economy seems poised to return to its full potential," said Carl Tannenbaum, chief economist at LaSalle Bank. "Employers are seeking opportunities to add to their talent pools. The demand for labor is being driven by very solid demand for goods and services."

New hiring in the areas of education, health services, leisure and hospitality and government drove overall job growth last month. Construction companies also expanded employment — even as they coped with fallout from the housing slump. Those employment gains swamped job cuts at factories, retailers and certain professional and business services.

Meanwhile, the economy added more jobs in April and May than the government previously thought. Revised figures released Friday showed that payrolls grew by a strong 190,000 in May, much stronger than the 157,000 reported last month. In April, 122,000 positions were added, which was better than the 80,000 previously reported, which had been the fewest in two and a half years.

Workers saw modest wage gains in June.

Average hourly earning rose to $17.38, a 0.3 percent increase from May. That matched the rise anticipated by economists. Over the last 12 months, wages grew by 3.9 percent.

Wage growth is important to workers and supports consumer spending, a major ingredient in healthy overall economic activity. The modest increase in wages should ease inflation fears.

Federal Reserve Chairman Ben Bernanke and his colleagues keep a close eye on wages for any signs that they might generate inflation.

Out of control inflation is bad for the economy and for the pocketbook. It shrinks paychecks, erodes purchasing power and eats into the value of investments.

The Federal Reserve last week noted that there have been some improvements on some inflation readings but made clear that it is not letting down its guard on this front. The biggest danger to the economy is if inflation doesn't recede as the Fed anticipates, Fed policymakers said.

Still, Fed policymakers have enough faith in their inflation forecast that they left a key interest rate last week at 5.25 percent, where it has been for a year.

Companies have continued to hire at a decent pace even as the economy has endured a nearly period of sluggishness. But the strain of the ailing housing market and problems in the automotive industries have clearly been felt.

In the first half of this year, job growth averaged 145,000 a month. That was weaker than the average monthly gain of 189,000 for all of 2006.

Economic growth nearly stalled in the first three months of this year, with business expansion slumping to a pace of just 0.7 percent, the worst in more than four years. The ailing housing market was a main factor behind the weakness.

Analysts believe the economy rebounded in the April-to-June quarter, expanding at a pace anywhere from 2.3 percent — to more than 3 percent. The government's estimate of second-quarter economic activity will be released later this month.

Despite the healthy jobs market and the budding rebound, the public is giving President Bush low marks for his economic stewardship.

Only 37 percent approve of his handling of the economy, tying a record-low set in November 2005, according to an AP-Ipsos poll.

Trying to capitalize on that, Democrats have been pushing policies they say are aimed at closing the gap between low-wage and high-wage workers. A new law will boost the federal minimum wage from $5.15 an hour to $7.25 an hour over two years. The first increase of 70 cents will go into effect later this month.

Across the country, the length of peoples' job hunt was little changed.

The average time the 6.9 million unemployed people spent in their job searches was 16.8 weeks in June, up slightly from 16.7 weeks in May.

[Pretorian]

Just an example. 7 , or even 6.5 years ago, one could buy a Expletive deleted. 1 bedroom , 500-550 sq feet condo in the Expletive deleted building in the Expletive deleted. neighbourhood (Expletive deleted. means hard to get to the center of the city) of Kiev for 9, may be $10000.
Today, same condo ( worse, actually-- Expletive deleted. building didnt get any younger) will sell for $110000-130000.
Average salary grew from $180 a month then to about $400 per month now. About 80% or more of all sales are cash, rest are mortgages for 10-20 years. Interest rate- 13-14%.
Gas cost about $3.5-4 a gallon, cars, meat and some other things cost 2-3 times more than in US. Just for example , Toyota Camry cost $40000 and there is a 6-months wait line to get it.

So you think RE prices in USA are so crazy they can go nowhere but down? Think again.

[Armageddon]

http://www.reuters.com/article/ousiv/id ... 2120070911

I saw this coming a mile away

[NEOPO]

hell man this was the case in 05 and 06 as the gas price pinch was on.

I can see from here the zionist at the federal reserve smiling from ear to fucking ear.

"bits and pieces large and small sector vector eat them all"

[Armageddon]

They probably don't have much room left on their cards, so I don't see this thing lasting much longer. Spring ?

[NEOPO]

I hope as the sooner the better.
Yes spring seem's about right for this next wave.

Many of these new comer's will be suddenly disenchanted and will thus begin to question this unreal reality.

I expect as it worsen's our ranks will grow and sooner or later, well, you know

What should have been done all along will finally have a chance of occurring and man I will be right there...

I know so many already crazed Mofo's with arsenals and ill will toward this .org that I wont be surprised if they dont start poppin before then and I believe TPTB are very aware of this.

Sorry as I did not mean to derail this thread.

[seldom_seen]

the last few drops of liquidity, drip, drip, drip...

[NEOPO]

$this->bbcode_second_pass_quote('seldom_seen', 't')he last few drops of liquidity, drip, drip, drip...

[rumble]

[flash width=425 height=350]http://www.youtube.com/v/hGaOQKJik-s[/flash]