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Thread: The Next Boom - America is Back

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    Default The Next Boom - America is Back

    Surely you remember my last post on the booming economic recovery in the United States, which laid out the thesis for why low energy prices and low financing costs would boost the American economy. If you don't, you can find it here: America's Future Looks Bright.

    This week Barron's ran a cover story with the same thesis, promising millions of jobs in the next 8 years, low energy costs, and a booming economy.

    Some key notes from the cover story:

    Natural gas here costs $3.55 per million British thermal units, versus roughly $12 in Europe and $16 in Japan.

    Over the past six years, U.S. production of petroleum and natural gas has jumped from 15 million barrels of oil-equivalent a day to 20.1 million, a 20-year high. Over the same period, imports have fallen from 14 million barrels a day to below eight million, a 25-year low.

    Given our expanding reserves and record inventory, commodity strategists expect U.S. natural gas to stay between $3 and $5 per million BTUs for years -- well below prices abroad.

    Industrial land averages $10.22 a square foot across China, but rises to $11.15 in the coastal city of Ningbo and $21 in Shenzhen -- compared with $1.30 to $4.65 in Tennessee and North Carolina. "Within five years, the total cost of producing many products will be only about 10% to 15% less in Chinese coastal cities than in parts of the U.S. where factories are likely to be built,"

    But BCG's Sirkin conservatively estimates that 2.5 million to five million manufacturing positions will be added by 2020, which could shave two to three percentage points from our unemployment rate, now near 7.8%.
    Here's a link to get past the paywall: https://www.google.com/search?q=the+next+boom



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  4. #3

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    Ammo production should shoot up in America since there seems to be supply shortages!

    Jobs jobs jobs, maybe 2nd and 3rd shifts?

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    While it is true energy costs are lower here than socialist Europe , I do not see it creating jobs, higher costs , due negatively effect jobs and the price of food, but lower costs , I do not see that effect .

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    I have my doubts, I doubt America is back , or will ever be so in the near future , I also doubt unemployment gets any better .I think what you see now , is likely full employment.

  7. #6

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    Future economic headlines

    The economy is back!

    US economy grows by 25%

    Valuve of dollar drops by 50%

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    Venezuela has a large oil reserve too, and as a result the energy cost is very cheap. But guess what. The people are still poor as fuck. Just because the fuel is cheap doesn't make the car any less expensive.
    "Corruptisima republica plurimae leges."

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    Honestly I don't know what QEing at a rate of 85 billy a month is doing to recover anything. The fed won't be able to sustain 0-1% discount window forever...so where is the cheap money going to come from? In the next 8 years when interest rates finally start creeping up, where will the cheap money be to promote this growth? Unless of course the government gets involved, which is like taboo around here.
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  11. #10

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    North Dakota apparently is the only state in the union that hasn't gone through the long recession/depression that the rest of the nation is still going through. There is basically full employment there and I am seriously thinking of moving there soon.
    Last edited by RickyJ; 01-28-2013 at 01:10 AM.

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    Basically , I have seen nothing , at this point that makes me feel better, I am no longer feeling optimistic....

  13. #12

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    Quote Originally Posted by RickyJ View Post
    North Dakota apparently is the only state in the union that hasn't gone through the long recession/depression that the rest of the nation is still going through. There is basically full employment there and I am seriously thinking of moving there soon.
    they are the only state in the union that has a state bank so they didnt boom as much and therefore didnt bust as much. Every state should have a state bank.
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    Member DamianTV's Avatar
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    Let me ponder the current situation for a moment.

    Wall Street - Record Boom again. Many have the power to print money, or borrow from buddies that have the power to print money.
    Main Street - Record Unemployment. None have the power to print money. Only to borrow money into existence while creating that debt, plus interest.

    Conclusion: The Boom is Bullshit.
    1776 > 1984

    The FAILURE of the United States Government to operate and maintian an
    Honest Money System , which frees the ordinary man from the clutches of the money manipulators, is the single largest contributing factor to the World's current Economic Crisis.

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  15. #14

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    My 2016 prediction: Hillary Clinton will NOT run for president.

    Rand Paul 2016

  16. #15

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    Quote Originally Posted by RickyJ View Post
    North Dakota apparently is the only state in the union that hasn't gone through the long recession/depression that the rest of the nation is still going through. There is basically full employment there and I am seriously thinking of moving there soon.
    Oil boom.
    My 2016 prediction: Hillary Clinton will NOT run for president.

    Rand Paul 2016

  17. #16

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    Quote Originally Posted by DamianTV View Post
    Let me ponder the current situation for a moment.

    Wall Street - Record Boom again. Many have the power to print money, or borrow from buddies that have the power to print money.
    Main Street - Record Unemployment. None have the power to print money. Only to borrow money into existence while creating that debt, plus interest.

    Conclusion: The Boom is Bullshit.
    It's pure doublespeak.
    Quote Originally Posted by Anti Federalist View Post
    Fuck sakes, if you shoved a lump of coal up AmeriKa's collective ass, it would shit out a diamond.
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    Now stop calling each other a racist and embrace a black person dying of ebola cos you are a hypocrite if you refuse to do it

  18. #17

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    Quote Originally Posted by KingRobbStark View Post
    Venezuela has a large oil reserve too, and as a result the energy cost is very cheap. But guess what. The people are still poor as fuck. Just because the fuel is cheap doesn't make the car any less expensive.
    Years and years ago I remember some discussion about natural resources as a stand-alone source of wealth being much much less beneficial to the overall wealth of the holders than about any other source of wealth. Look at the middle eastern countries: after decades of oil production, every single one of their citizens should have enough saved up to be wealthy, but it doesn't work like that and that is apparently typical for any area or resource.

    Probably has something to do with the old adage, easy come, easy go, coupled with the wealth somehow always being concentrated in fewer and fewer hands.
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  19. #18

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    Wow. Way to go Obama! Third term?
    Something, something, something...Whatever my rage for the day.

  20. #19
    Contributing Member Henry Rogue's Avatar
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    Quote Originally Posted by Jordan View Post
    Surely you remember my last post on the booming economic recovery in the United States, which laid out the thesis for why low energy prices and low financing costs would boost the American economy. If you don't, you can find it here: America's Future Looks Bright.

    This week Barron's ran a cover story with the same thesis, promising millions of jobs in the next 8 years, low energy costs, and a booming economy.

    Some key notes from the cover story:



    Here's a link to get past the paywall: https://www.google.com/search?q=the+next+boom
    LOL, America is back to what, the stone age? You can predict what may happen in the next 8 years, but to say the the economy is booming now is one he!! of a stretch and thats what your title suggests.
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    Quote Originally Posted by phill4paul View Post
    Wow. Way to go Obama! Third term?
    Pffft, terms are for lowly presidents. Emperor Obama!

  22. #21

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    bullish
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    Believe in propaganda America!

  25. #24

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    Yeah America! Lets go buy useless crap that we don't need and can't afford. That will show the terrorists.

  26. #25

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    Somewhere.... Porter Stansbury is laughing.
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    Contributing Member Henry Rogue's Avatar
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    Quote Originally Posted by cbc58 View Post
    http://www.gold-eagle.com/editorials...our062001.html

    I'd say we are at # 11 on this chart.
    HA! + rep. That is a telling graph.
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  28. #27
    Contributing Member Henry Rogue's Avatar
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    http://www.gold-eagle.com/editorials...oke012513.html Got this off the same site cbc58 got his (or her) link.
    "When goods do not cross borders, soldiers will." Frederic Bastiat


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    Quote Originally Posted by cbc58 View Post
    http://www.gold-eagle.com/editorials...our062001.html

    I'd say we are at # 11 on this chart.
    Everybody should remember # 20 on it .

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    This chart still troubles me.

    http://research.stlouisfed.org/fred2/series/M2V/
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    Quote Originally Posted by Cowlesy View Post
    If that velocity picks up (due to increased economic activity circulating money more) the price inflation rate will probably start increasing.
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