[KevO]

the effects of peak oil finally showing.

Gold hits new high


US job drops worst for 4 years


Greenspan. Crash on the cards


US loan woe hits the UK home mortgages


DOW down 240 point so far.....


not bad for one day. Winter will be fun, if that's indeed the right word

[threadbear]

I'd say, likely it's hitting. The blades are just slowly slicing through the first round of derivatives crap. Half of Wall Street, followed by most of Main street is about to enter sideways. I hope all of the Cretins focussing on "abundance" and "manifesting wealth" get tossed in head first.

[Sys1]

Well, as a doomer, i don't think the SHTF yet. I know the "numbers" tell the truth, but industrial world is keeping the remaining oil for himself while third world countries are sinking.
Today, i saw lights on, cars and truck driving around, french walmart full of fat ipod people and beautifull bitches laughing around.
Everything is fine. Just like in the Titanic a while ago.
I bet things will get ugly around 2010, sooner in case of some Ben Laden show in SA or US pacification of Iran.

[threadbear]

It's hitting now in the U.S. Canada, Europe and other G-8 countries, soon to follow.

[peasea]

I think we being a bit hasty here

the "peak" isnt a straight up then down like the mathimatical model of Hubbard. We are going to get dips and rises in the output as demand destruction and then adquate supply returns for a period.

just remember the slow petering out phase is now the time to push peak oil to the masses ........ but will they listen if the oil price drops a few dollars next week ?

I doubt it

P.

[DantesPeak]

Well if you mean a recesssion has hit the US, the answer is that it's coming soon.

That won't be so bad for 90% of the country (except mortgage defaulters and job losers).

Then I agree by about 2010, an accumulation of various problems may push the US towards depression. We will be lucky if only 30% of the country is severely impacted then.

[threadbear]

$this->bbcode_second_pass_quote('DantesPeak', 'W')ell if you mean a recesssion has hit the US, the answer is that it's coming soon.

That won't be so bad for 90% of the country (except mortgage defaulters and job losers).

Then I agree by about 2010, an accumulation of various problems may push the US towards depression. We will be lucky if only 30% of the country is severely impacted then.

[threadbear]

$this->bbcode_second_pass_quote('peasea', 'I') think we being a bit hasty here

the "peak" isnt a straight up then down like the mathimatical model of Hubbard. We are going to get dips and rises in the output as demand destruction and then adquate supply returns for a period.

just remember the slow petering out phase is now the time to push peak oil to the masses ........ but will they listen if the oil price drops a few dollars next week ?

I doubt it

P.

[Heineken]

My guess is that this is not yet "it."

The market's behavior is still essentially greedy, not fearful. The Dow soars on the slightest suggestion of good news and is quite reluctant to sell off---really sell off---on terrible news, even though there's been a lot of that.

The "s***" will finally hit, in the big-picture way---only when the natural resource base is sufficiently moribund. There's still some natural capacity for "the economy" to chew through and destroy. There's a whole new planetful of carefully trained consumers just desperate to buy whatever crap is arrayed before them in garish colors. Money is no problemo---it can be printed at the push of a button. As long as people believe it has value, the game goes on.

[threadbear]

$this->bbcode_second_pass_quote('Heineken', 'M')y guess is that this is not yet "it."

The market's behavior is still essentially greedy, not fearful. The Dow soars on the slightest suggestion of good news and is quite reluctant to sell off---really sell off---on terrible news, even though there's been a lot of that.

The "s***" will finally hit, in the big-picture way---only when the natural resource base is sufficiently moribund. There's still some natural capacity for "the economy" to chew through and destroy. There's a whole new planetful of carefully trained consumers just desperate to buy whatever crap is arrayed before them in garish colors. Money is no problemo---it can be printed at the push of a button. As long as people believe it has value, the game goes on.

[eastbay]

There are quite a few more rabbits to pull from the hat before things start getting really messy. Wait until after the last rabbit.

The last rabbit will probably be inflation caused by big injections of money. I mean really big injections.

[TWilliam]

$this->bbcode_second_pass_quote('Sys1', 'T')oday, i saw lights on, cars and truck driving around, french walmart full of fat ipod people and beautifull bitches laughing around.
Everything is fine.

[peasea]

$this->bbcode_second_pass_quote('threadbear', '')$this->bbcode_second_pass_quote('peasea', 'I') think we being a bit hasty here

the "peak" isnt a straight up then down like the mathimatical model of Hubbard. We are going to get dips and rises in the output as demand destruction and then adquate supply returns for a period.

just remember the slow petering out phase is now the time to push peak oil to the masses ........ but will they listen if the oil price drops a few dollars next week ?

I doubt it

P.

[Zardoz]

$this->bbcode_second_pass_quote('Heineken', '.')..There's a whole new planetful of carefully trained consumers just desperate to buy whatever crap is arrayed before them in garish colors. Money is no problemo---it can be printed at the push of a button. As long as people believe it has value, the game goes on.

[Cobra_Strike]

I would be pissed off it it did go to shit before next Friday...I have not yet received my arms, and am nearly ready to move out of my parents house.

[EndOfGrowth]

The turd will be splattered by the fan sooner and with more momentum than most people (sheeple) know if Bush nukes Iran.

[threadbear]

Money can be printed. True. Without a means to deliver it to Joe Sixpack, through willing lending institutions, it doesn't mean squat. The fed cannot force it's member banks to take on risk, because they can no longer off load that risk. It's seizing up. All the rabbits have been used up. If OTC derivative schemes with hundreds of layers of obscure means of leverage, doesn't equate to "rabbits", I don't know what does.

You can't know the true measure of this nightmare until you look at the derivatives market. Warren Buffet called it a time bomb ready to explode a few years back. It's beginning to explode now.

Japan's real estate triggered recession, 15 years back, was isolated pretty much to Japan. Their fed lowered interest rates to zero. It didn't do much to stimulate the economy, as banks were still unwillling to lend and the Japanese were hesitant to borrow.

[Ebyss]

$this->bbcode_second_pass_quote('threadbear', ' ')China is poised to sieze up too.

[Novus]

The thing is that this perverbial fan is more like a jet engine and throwing a few turds into it is not going to do anything. Vaporized poo doesn't smell very good and even if you get any on you it is not going to kill you. Now try throwing some rocks and chunks of metal in this jet engine we call the global industrial enconomy and get ready to meet your maker.

[EndOfGrowth]

vaporised poo