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North American Energy Partners Inc. Message Board

  • redsguy1 redsguy1 Nov 17, 2011 5:09 PM Flag

    Thursday Debrief!

    Hey Folks,

    We may be small in number for a message board,
    but the different views and very good analyst
    from a awesome group that challenges each
    other in a respectful way, can't be beat IMO!
    Thank you all.

    Oil- I still look lower

    Gold & silver- Much lower But I'm consistently
    wrong on this one.

    Market- Stock wise, last week i was looking S&P
    1300 by year end. I stand by that

    Any new ideas,thought's,or totally new outlook
    from those that rarely or never post are most
    welcome. join in!

    John

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Lance, I totally agree with that as well.

    • Please notice, John, that I referred to being a die-hard REPUBLICAN or DEMOCRAT, not a conservative or liberal. We all have our strongly held perspectives (as we should!). I wasn't in any way disparaging yours.

      My point was that the evidence -- not the hot air, but the historical record -- suggests there's not much difference between the two PARTIES on the issue of fiscal responsibility. In my lifetime we've had the Democrats in control of the WH and Congress, the Republicans in control of the WH and Congress, and usually a mixture of control. And in my entire lifetime, the federal government has run a surplus two years (under a Democratic president and Republican Congress). That was more of a happy accident than good stewardship.

      So whatever the politicians say, their track record is clear: neither party is serious about fiscal responsibility and probably won't be until a crisis forces it. The current president and Congress are different only in that they are accelerating the approach of the crisis.

    • John, I totally agree with you. You carry that stance proudly and naturally.

    • Lance,

      I'm a die hard conservative. Socially and
      financially. If that makes me (in your eyes)
      politically taken for granted so be it!
      my wife and i have worked,saved,and served
      our community in a way that i am thankful
      for.We ask for little give much and encourage
      others to do the same! With many in our
      society that think they are entitled to what
      others have worked so hard for, i just don't
      understand. I want the government to
      balance the budget,quit over promising and over spending. And let me make decisions where most of my dollars go. I do a much better job!

      John

    • Failing to raise the debt ceiling is not the same as defaulting.

      Debt ceiling equals the credit limit on your credit card. If you have a $14 trillion limit on your credit card and max it out, you can either raise the limit or stop borrowing (balance your budget).

      To default you would have to stop making the payments that are due. These are obviously quite different things, and the thing that made me the maddest from the entire debt ceiling fiasco. I nearly burst a blood vessel every time I heard Obama or Geithner or another politician make the claim that we had to raise the debt ceiling or we would default on our debt. They are either too stupid or too dishonest to be in a position of any responsibility whatsoever. They all sicken me.

      The Balanced Budget Amendment will not happen. The bond vigilantes will get around to fixing the problem soon enough though, and when they do it it will be a lot uglier than if the Republicans had refused to raise the debt ceiling. I can't wait to have a long hard laugh at the fools who applauded when it was raised.

    • Haluk:

      Is the U.S. economy really improving? Take my answer for what it's worth, as I'm no economist or expert.

      My impression is that the economy has leveled off. The numbers look less dire, but then again, I'm regularly startled by how seriously this month's positive or negative government statistic may be revised next month when no one is looking.

      But I find myself agreeing with Martin a lot these days. (He should be worried! LOL) I fully expect the external shocks to the system, from Europe or maybe even China or the Middle East, to shatter our fragile progress.

      I think the best-case scenario is that we muddle along in a no-growth economy for several years as consumers deleverage and mortgage defaults are worked off as a function of time and then cash-flush corporations finally have the confidence to start hiring. Those currently out of work will be the ones irrevocably sacrificed while the rest of us emerge, hopefully wiser.

      Kind of depressing to think that's the positive scenario.

    • Lance, I agree with your first paragraph.
      My take on politics these days is that the rhetoric clouds the real issues,solutions.

      My question is: Is the US economy really improving?

      We have been seeing reports that suggest the opposite of a soft patch in past month, is that a fluke, a media hype, little accomplished with a lot debt accrued; or something real that could get even better?
      And if truly an improvement in economy does that make FED QE unlikely, thus a negative for market index's?

    • As MJ points out, neither Republicans nor Democrats are ready to face te harsh truth of a balanced budget.

      If we had responsible adults in charge of the government and voters smart and unselfish enough to keep them in office, here's how it ould work: the government builds surpluses in good economic times and runs a moderate deficit in bad times. Instead, the government runs a moderate deficit in good times and a raging deficit in bad times.

      John, with all respect, while being a die-hard Bengals or Reds fan is OK, being a die-hard Republican (or Democrat) just makes you politically taken for granted and tends to lead you to miss the point. Both parties keep their supporters paid off.

      If it were as simple as electing Republicans, then why was the Clinton administration the last time we had a surplus?

    • Don

      Wow,

      The lazy measure you spoke of, how could
      that ever happen? That's why were is this
      financial mess. No one want's to be responsible

      John

    • At one point in time, congress passed a lazy measure where every line item in the budget will automatically increased each year. Each new bureaucratic entity that is created will also line up for that automatic yearly increase. No act of congress is needed for this increase to implemented. The balanced budget amendment will eliminate that automatic increase and maybe force the elimination of useless departments in the government.

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