Frankn
Gold Member
ECONOMY 101 CON'T
Well, lets check back. In my original post I predicted that the economy would slowly improve through the year starting with falling retail prices starting with non essential goods. I caught plenty of flack for that, but it is happening. Large screen TV sets are dropping in price like a rock. Cameras are dropping in price. Small riding mowers are falling in price. Both Home Depot and Sears now have them for around $800, lowest I have seen in over a year. John Deer has cut it's farm tractor prices over $1000. As earlier predicted food and Fuel would be the last to drop. Here's my next prediction for which I will catch still more flack, but which will still come to pass within the year. Oil prices will fall to between $60 & $70 a bbl. by the end of the year! I can feel the flack allready! My reasoning is that the oil producers have drained as many excess billions of dollars from the economy as they can without killing the golden goose that feeds them.
Like all things the economy goes in cycles. The drain cycle is over. It is now time to let the goose regain it's strength for the next drain cycle. Let the flack commence! Frank
Well, lets check back. In my original post I predicted that the economy would slowly improve through the year starting with falling retail prices starting with non essential goods. I caught plenty of flack for that, but it is happening. Large screen TV sets are dropping in price like a rock. Cameras are dropping in price. Small riding mowers are falling in price. Both Home Depot and Sears now have them for around $800, lowest I have seen in over a year. John Deer has cut it's farm tractor prices over $1000. As earlier predicted food and Fuel would be the last to drop. Here's my next prediction for which I will catch still more flack, but which will still come to pass within the year. Oil prices will fall to between $60 & $70 a bbl. by the end of the year! I can feel the flack allready! My reasoning is that the oil producers have drained as many excess billions of dollars from the economy as they can without killing the golden goose that feeds them.
Like all things the economy goes in cycles. The drain cycle is over. It is now time to let the goose regain it's strength for the next drain cycle. Let the flack commence! Frank