Investors who remember the stock market's steep and prolonged decline earlier this decade may be wondering if the recovery from Wall Street's current morass will also take several years to accomplish.
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- Public Discussion (16)
When do you think stocks will rebound?
when the dollar's value begins to rise against other world currencies
since we borrow from other countries to pay for tax stimulus, war costs, bank bailouts, it will continue to weaken
oil will appear to "rise" as the dollar falls
dose anyone know the true value of the dollar any more,and if any one knows exactly what it is the whole world would like to know.
it's only valuable as long as the world continues to buy and sell with it
soon other countries will begin buying and selling in Euros, Riyals, Rupees etc as the dollar continues to decline and hurt them to hold onto it and lose value
only the companies based outside of US, such as Cheney's Haliburton / KBR that left Houston recently are making hand over fist by also not being taxed, yet claim to be a US company
2002....one euro was worth .80 dollars
now, 1 Euro is worth 1.6 dollars
a total flip....
still want it to fall? vote for more war and high profits from the companies that benefit from wars and leaders like GW who are tied to the Executives who need wars to continue
The oil companies are bankrupting every facet of business in our economy,yet our so-called elected leaders are sitting by and watching us sink. They have their dog and pony shows with the CEOS of big oil in front of Congress that accomplishes Jack. They have to be hit,and hit hard,with a windfall profits tax,a hefty percentage also. They must pay monthly fees for areas they own but will not drill on. It is a shame what this administration has let this country and its' people sink to. Until we get these bums out of office,nothing will quell the price of oil.
I want to see gas cost 100.00 a gallon!
Last year gas was about 3.00 a gallon and people were complaining. This year gas is up 25% to about 4.00 a gallon. (Gee, that seems like a lot bigger increase than the cost of living and infation).
Now I see articles that say gas is going to cost 7.00 dollars a gallon soon.
I love rising gas prices - WHY? Because the more gas costs the more it makes people start thinking about pushing for the development of renewable energy so we can all tell the oil companies and OPEC to kiss off, and because we wont have to worry about being able to buy food.
If you remember your history lessons, you'll recall that we have only became depentant on oil in the last 100 years. Before then Americans got along just fine WITHOUT oil.
Of course there are more of us today than there were 100 years ago - which is ALL THE MORE REASON to stop depending on oil for our energy!
Afterall, the oil is going to run out, whereas renewable energy won't!
o yes big oil knows this i can't wait.
go renewable energy.
they also know they can charge what they want (what we are running out of sun)
I think seeing the gas cost for one fill up hit 84dollars is what did it for me
now we fill up only at paydays and limit driving to an extreme
we are not just going to "just go shopping and driving" and act like the terrrists are not winning
by invading Iraq and allowing their pipelines to be sabotaged....what do you think happened to the price of crude oil each year..
duh....
I would just love to see a few articles on what the oil speculators are doing to the market for once. With very little margin costs to aquire huge oil future contracts and billions and billions and billions of hedge fund money to do it with they are the new robber barons of the world oil market. They aren't oil users just pure market speculators. They are driving the price of oil through the roof due to their own greed yet one very rarely sees the truth behind these giant up and downswings in oil prices. All one sees are articles about ours supplies dwindling and the extra use of oil in china being responsible for it all. NONESENSE! The true price of oil should be half the amount it is now or less if the market wasn't run by these thieves. Even the Saudis own experts say so as do a a few enlightened people who study this market.
Oil prices are not about speculators, it is about supply and demand. Do you think the speculators are just making money trading off of each other? Prices are rising because world demand is rising - simple. I agree with the earlier poster who likes high gas prices. We are just postponing the hard changes we have to make to get off the oil jones. As for the stock market, I have never been more worried about the long-term market. I'm afraid the "hard changes" in energy usage I mentioned previously will have to be in process before the market will truly recover; and that process is most likely a generation-long undertaking, not measured in months. Things are going to get interesting.
what about invading Iraq that was pumping out 2 million barrels a day back in 1.25 a gallon days?
what did reducing the word's supply of oil do?
guess who wants back in the country after Saddam threw them out?
Exxon Mobil, Shell, Total and BP
guess what troops were guarding as the invasion kicked off? their old factories and refineries
limit supply, control the demand
"Mission Accomplished"
thanks, GW
this time we have better technoiogy and getting better it's only time.
this is the new Soap Opera....
"as the dollar continues to fall...these are the days of our lives"
With the billions of dollars being spent on outer space, why can't that be used to help fund technology for renewable energy. Space exploration may be important to some, but American lives are much more important. I simply cannot believe that that money cannot be used to help us NOW.
Hate to say this but nothing is going make life 'easy' in the US again until 1)The population of the planet takes a nose dive. 6 billion plus people! The planet can't feed that many. 2)Education, education, education. I saw that 50% of our kids aren't finishing high school. How can we compete in the world if we can't read? 3)Citizens have to think about the future 20 years, not just tomorrow. Starbucks is going under - I almost laughed. $4.00 coffee, who do we think we are? Until we come to realize that what we're doing to our Mother Earth has a direct link to how the US can live, nothing changes.
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