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Commodity Trading Discussion Forum

doom and gloom, oil, economy and american dollar

Posted By: my2cents
Date: Saturday, 11 October 2008, at 12:10 p.m.

In Response To: Re: So was oil price at $147/b due to demand ! (TheInsider)

oil prices went to 147 dollars mainly due to greed by the oil companies, the speculators and the goverments inaction to controll the speculation. as a result we are in the crisis we are today. high oil prices and the decline of the american dollar caused the recession we are in today.
fortunately the oil is on a decline and it could reach 50 dollars, or less in the near future and that will help the world economy.
the american dollar is on the rise and that will help the american economy.
contrary to the gloom and doom that some oficials were predicting that caused fear and panic among the population, i see oportunity and prosperity.the recent sharp decline of the stock market is caused by the negative coments of some oficials , blogers and negative analysts.rumors and negative comments can cause fear and panic. thats what caude the 1929 crash.i thought people in high positions should know by now what negative comments can cause to the public.
if the american economy is really that bad why is the amercan dollar rallying? if it was not for the unfortunate negative comments of some oficials about doom and gloom , bank failures and market crashes in the last few weeks we would not have the crisis we have.people panicked, panick selling, deposit withdraws and market crashing around the world.
as i said, despite the doom and gloom, i have this infallible indicator that tells me that now there is good opportunity for prosperity for those that like to take risks by buying at bargain prices.
my indicator if you want to know, it is the rallying american dollar. every time i see a rallying currency, i see economic prosperity following in that country.
the fallacy that a devalued currency will help exports and stimulate that economy, IS JUST THAT, A FALLACY.It never worked for any country, and certainly not the united states.the american dollar droped from 122 to 72 and the more it droped the worsed was for the american economy.....
now that the dollar turned around i predict great economic prosperity and a great reward for those that take risks by starting to buy good quality shares at bargain prices and......real estate at bargain prices.the best time to buy is when nobody wants to buy, you get good bargains.
there are no guarantees in life,only time will tell if its a good time to buy or not , so make your own decisions.......

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