The Ultimate Betting Forum - View Single Post - Light Sweet Crude

DOGS THAT BARK · 30th December 2007, 16:33

" Depends on how bad the US recession is and how much it impacts on the rest of the world."

What recession?--we've had the longest expansion in history of U.S. which has came despite a trillion+ dollar hit to economy on 911-the greatest natural disaster (Katrina) so while I expect economy can't run at full tilt and will taper off I certainly wouldn't write in recession even with sub prime fiasco--my reasoning is corp earnings still there as well as record low unemployment. I expect to escape a recession up till late 08 at least. Then will have to reconsider depending on elections.

With that being said-- reduced U.S. holding to lowest ever in 06--preferring Emerging Markets-Canada and European stocks.

30th December 2007, 16:33	#20 (permalink)
DOGS THAT BARK Gold Member Join Date: Dec 2002 Location: USA Posts: 1,348	Re: Light Sweet Crude - $90.40 " Depends on how bad the US recession is and how much it impacts on the rest of the world." What recession?--we've had the longest expansion in history of U.S. which has came despite a trillion+ dollar hit to economy on 911-the greatest natural disaster (Katrina) so while I expect economy can't run at full tilt and will taper off I certainly wouldn't write in recession even with sub prime fiasco--my reasoning is corp earnings still there as well as record low unemployment. I expect to escape a recession up till late 08 at least. Then will have to reconsider depending on elections. With that being said-- reduced U.S. holding to lowest ever in 06--preferring Emerging Markets-Canada and European stocks.