Lower Oil Prices + Deflation = Prosperity

Money Daily stopped being a daily post blog in March, 2014. While the name remains the same, the posts are now on an intermittent basis, as conditions warrant, though it is advised to read the archives (from 2006-2014) regularly, even daily, for insights and historical perspective.

The economy will boom with lower oil and gas prices. This has probably been planned a long time ago. The bulls--t about marginal production from fraking keeps ringer ever more hollow. First, it was shale drillers will default at $80, then $70, now, it's $50.

The other day on CNBC, Kramer (the biggest a$$hat of all time) announced that the shale drillers won't default until oil hits $40. If that's the case - and, the number is probably lower for drills already in the ground - let's go for $30, which should get gas back to about $1.50/gallon or less.

There are already 17 states under $2.75 a gallon, so we're on our way. Average is about $2.84, so if oil is at $75 now, cut that in half, $37.50, and presto, average gallon of gas in the US is $1.42, and, no, it does not have to go back up. There's no law, physical or otherwise, that posits that prices must always rise.

Thanks to endless central bank meddling, the world's economies are deflating, and, with any luck, the governments will deflate as well, or die.

This is just the start of what should have happened in 2008-09. The past 6 years have been a complete farce, designed only to keep stocks up and the rich richer. The essential problem is that if the economy collapses, what happens to incomes and pensions?

Well, kids, they get cut, too. In the end, it should be a wash. If your average cost of living falls by 40%, you need 40% less money to live. The heck with the public pension plans with $100,000+++ retired cops and teachers. They'll be happy campers at $60+ with lower prices for everything.

Morons are everywhere, but most of them live and work in state and national capitols (DC and NYC have the highest percentages, for sure). Fuck them. Stop the consumer shit. Save, don't spend. Let everything drop in price. Deflation is wonderful so long as the government and economists GET THE FracK OUT OF THE WAY.

FREE MARKETS 4-EV-A

There's just one kicker: The cost of nearly everything will decline, except housing. Anybody who bought before 2008, or after, thinking they were getting a bargain, will once again be upside-down.

Get ready for housing crash, part two!

(Best part about it is that the Fed now owns most of the worthless MBS paper.)

Familial Relations and the River of Dreams

Money Daily stopped being a daily post blog in March, 2014. While the name remains the same, the posts are now on an intermittent basis, as conditions warrant, though it is advised to read the archives (from 2006-2014) regularly, even daily, for insights and historical perspective.

It's been a long day.

Worse, it's not over yet.

There are three things, though, which I know will get me through the day and into the night.

Three things, which I possess:

• A clear conscience
• Peace of mind
• The will to seek the truth

That's all I need to say. I'll get by. Always do.

Oh, yeah, and then there's my theme song, courtesy of Billy Joel:



I don't know whether to laugh or cry, so I might as well just dance.

And, just in case, here's the lyrics:

In the middle of the night
I go walking in my sleep
From the mountains of faith
To the river so deep

I must be looking for something
Something sacred I lost
But the river is wide
And it's too hard to cross

And even though I know the river is wide
I walk down every evening and I stand on the shore
And try to cross to the opposite side
So I can finally find out what I've been looking for

In the middle of the night

I go walking in my sleep
Through the valley of fear
To a river so deep

And I've been searching for something
Taken out of my soul
Something I would never lose
Something somebody stole

I don't know why I go walking at night
But now I'm tired and I don't want to walk anymore
I hope it doesn't take the rest of my life
Until I find what it is that I've been looking for

In the middle of the night
I go walking in my sleep
Through the jungle of doubt
To a river so deep

I know I'm searching for something
Something so undefined
That it can only be seen
By the eyes of the blind

In the middle of the night

I'm not sure about a life after this
God knows I've never been a spiritual man
Baptized by the fire, I wade into the river
That runs to the promised land

In the middle of the night
I go walking in my sleep
Through the desert of truth
To the river so deep

We all end in the ocean
We all start in the streams
We're all carried along
By the river of dreams

In the middle of the night