Wednesday, November 19, 2008

Economics, Oil, Politics, and the Future

Regular New-Think readers know that we enjoy prognostication. Please allow us to clear up a few things for you regarding the next decade or so.

First, let’s get our credentials out of the way. Way back before oil was above $40 per barrel we predicted that oil prices were set to skyrocket on the basic principles of supply and demand. Way back when the Dow was up in the 14,000-15,000 range New-Think told you it would fall below 10,000 (and probably much further) within the next year. Since we are going to spend the next few posts talking about macro-economics and energy (in the most interesting way possible) it is important that you keep these things in mind. We have not been wrong about calling the shots before they happen in the past.

Now, here is a disclaimer. This is NOT investment advice. My only investment advice to you is to get out of debt. The world economic situation has entered a VERY volatile phase and my prognostication is going to be full of “if-then” type statements. New-Think clearly sees the dominoes, set up and ready to fall, but seeing which domino will fall first is a bit of a guessing game at this point.

These posts are written in response to two sentiments I have heard expressed by ordinary citizens (non-New-Thinkers) in the past few weeks.

1. No one could have seen this coming (in reference to current economic downturn).
2. Gas is under $2 a gallon! We’re all saved!

Tune back in daily for the next few days to get a taste of the future.

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