Quote:
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Originally Posted by incommin
...When I was in high school in the early 60's the teachers were saying that we would start running out of oil by 1980 and that we were headed for another mini ice age......
THE SKY IS ALWAYS FALLING SOMEWHERE!
Jim
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Sir, we come from the same era - I graduated from high school in 1970. A popular book of the time was Ehrlich's "Population Bomb", which forecast imminent doom. So, you've got a point.
It's also quite true that people have been advancing the argument for limitations since Malthus in 1798 - and, so far, the results haven't come to pass.
All of that said, North American crude did in fact peak in 1970, and our balance of payments hasn't been the same since. I find it interesting that we built the interstate highway system, but now we seem to have difficulty maintaining it.
The purpose of my posts, however, is not to persuade anyone that the sky is falling. Rather, I seek a better, deeper understanding of the dynamics of a situation that seems to loom large. And the reason I care? Because there is money to be made from correctly placed investments. So you see, I'm not guilty of running about the barnyard squawking about the sky falling. But I'm eager to gather more than my share of chicken feed. So far, it seems to be working.
A parallel situation exists in the mortgage market. Some people are experiencing personal distress because of some poor decisions. I, on the other hand, expect to gain quite a lot due to the Fed's choices. I mean no disrespect or offense by this display of raw avarice; but I thought it might put my explorations into better context.
Thus, the applicable graphic is not:
but rather
Care for a pistachio? They're quite tasty.
