Comments on: Bubble, Bubble, Oil & Trouble

By: Jeff Buettner

Jeff Buettner — Tue, 29 Jul 2008 16:43:56 +0000

Great Blog! Expect me back soon! Thanks for writing!

By: Greg Banners

Greg Banners — Mon, 28 Jul 2008 21:34:02 +0000

The current economic situation makes this average investor wonder: when will we start to hear a little good news?

Thanks for the ray of sunshine, Glenn

By: MasterPlan Capital LLC - Commercial Mortgage Loans - Glenn

MasterPlan Capital LLC - Commercial Mortgage Loans - Glenn — Mon, 28 Jul 2008 17:04:32 +0000

The situation is very difficult.
But Mr. Warren is correct in pointing out that there are opportunities emerging out there.
We have to work hard at it, but my firm is still making deals, closing loans and getting projects financed.
The banks have taken themselves out of the picture (due to the liquidity crisis) but private investors and hedge funds as-well-as international firms (Europe and Mid-East) are still looking to put money to work.

By: John Sabia

John Sabia — Mon, 28 Jul 2008 14:52:57 +0000

You make some very valid points. I totally agree with Brock about the deficit being the biggest problem with the declining dollar.

By: LimbaughSucks

LimbaughSucks — Mon, 28 Jul 2008 14:33:52 +0000

Richard,

Very well written my friend!

Brock,

Spot on with number two!

By: Brock

Brock — Mon, 28 Jul 2008 14:07:58 +0000

You didn’t mention the single biggest problem with the falling dollar. It’s not oil. It’s the deficit. We fund our government spending by selling T-bills to Russia, Arab Sultanates, China and Japan. If the dollar stops looking like a good investment, they’ll stop buying it. And then the government has three choices:
1. Cut discretionary funding entirely. No military or national parks.
2. Cut social programs like social security, medicaid, etc. across the board and without warning.
3. Bounce a check and cease to be the world’s reserve currency.

Obviously, none of these are good ideas, for different reasons. I’m betting that if push comes to shove, it’ll be #2.