MEIN FUHRER! I CAN WALK! The Wehrmacht Oath of Loyalty to Adolf Hitler - 2 August 1934
"I swear by God this sacred oath that I shall render unconditional obedience to Adolf Hitler, the F�hrer of the German Reich, supreme commander of the armed forces, and that I shall at all times be prepared, as a brave soldier, to give my life for this oath." The Bush Loyalty Oath - 2004
"I care about freedom and liberty. I care about my family. I care about my country. Because I care, I promise to work hard to re-elect, re-elect George W. Bush as president of the United States."
. i'm getting thru the pain with some help ...from a newsletter i use... <here's a clip from last wednesdays word.>
We continue to believe that oil could fall further, perhaps to the mid or low 40�s. The reason is that OPEC is pumping at close to 100 percent capacity at a time when worldwide demand is at a seasonal low. It is a gambit designed to change psychology in the oil market prior to a sharp pick-up in demand during the third and fourth quarter.
In other words, during the second half of the year OPEC is hoping to have enough credibility to talk oil down. We hope it works, but ultimately think economics will prevail. The stark fact is that by the fourth quarter the world�s demand for oil will far exceed potential supply, which could set the stage for dramatically higher prices.
We are not going to try to finesse the situation by reducing our oil and metal weightings now in the hope of getting back in at lower prices. Rather we are willing to suffer a little near term pain than risk being left out when energy and metal stocks inevitably resume their uptrend.
<they don't say it's specifically prohibited from disseminating this info. it's just their opinion anyway, but i was too lazy to paraphrase this today, next time.>
When I made my prognostications for the year I thought the economy would show weakness in 2005 because of reduced consumer spending as well as less accomodative monetary policy. I thought, however, that these factors would be mitigated somewhat by increased corporate investment and higher exports. The other day it was announced that corporate investment decreased from the previous quarter. On the flip side, these economic negatives may be countered by a fed that may become less anxious to raise rates. Therefore, the economy won't go in the toilet but we may be in an economic "soft patch" that will serve as a transitionary period for a return to robust growth in 2006 (my view) or to a period of contraction that could result in the end of the current cycle of business expansion.