"EVERYONE on this board has pointed out the strong fundamentals of PGH, " except me, i pointed out the world's economy was not improving actually getting worse, and without increasing demand abundant cheap oil in the mid east would keep oil prices down. Europe, South America, Canada, China all are having economical problems, I don't see this oil rally lasting.
"Gross domestic product, the value of all goods and services produced, rose at a 3.7 percent annualized rate, exceeding all estimates of economists surveyed by Bloomberg and up from the 2.3 percent the Commerce Department reported last month, figures showed Thursday in Washington."
For the full article google - Economy in U.S. Grew 3.7% in Second Quarter, More Than Forecast
It is becoming apparent that liberals brains are wired better than conservatives, not accepted as fact yet but preliminary studies are pointing in that direction. It ain't easy being a Casandra, but I manage. If the big losers on this board would have listened to me, they would have at the very least cut their loses by a huge degree. Plenty of past posts prove that but, lie and deny is the righities way. Here is another economist and financial adviser who thinks as I do, Michael Hudson.
Yeah I know the gold standard of hypocrisy it's called the R. party.
Israel bank stated interest rates can go negative. Now tell me the world's economy is in good shape. Unbelievable plenty of services and products to buy, not enough people who can afford them... When this system crashes it ain't going to be pretty, but maybe a more equitable economy will rise. Free trade trickle down economy complete snake oil delivered by the king of flim flam himself. And Obama with the backing of the majority of R.congress wants to take it to a new level with the Trans Pacific Partnership. If that isn't insanity I don't know what is.
"Eve of Destruction." I was in Germany when I first heard that song on a radio station in England, it was forbidden on Armed Forces Radio (Germany). Its a Mad, Mad, Mad, Mad World we live in.
"The eastern world it is explodin', violence flarin', bullets loadin'
You're old enough to kill but not for votin'
You don't believe in war, what's that gun you're totin'
And even the Jordan river has bodies floatin'
But you tell me over and over and over again my friend
Ah, you don't believe we're on the eve of destruction"
Read more: Barry Mcguire - Eve Of Destruction Lyrics | MetroLyrics
What do the analyst base there number on, 70, 60, 50, 40, dollar oil, and what economical model are they using, world growth at 1, 2 3 4%? it is looking like the world isn't growing at all, more and mroe it looks like it is contracting. Trouble everywhere, while Greece gets the main light Brazil, Spain, Italy and even Germany along with China are not looking good.
this isn't capitalism it is plutocracy, feudalism, a group of billionaires are saying that. You can start with "Memo: From Nick Hanauer
To: My Fellow Zillionaires"
This dovetails right into what the economist Richard Wolff says on the subject. Again when people don't have expendable money commerce slows, dirt simple.
Based on what? It appears the world markets are in full melt down, the US has some catching up to do, the consumer who is the economy is taped out, plain and simple with out them there is no commerce.. I'm listening to an economist Richard Wolf who is saying just about exactly as I have been saying for literally years. Problem is hubris is blind and the rich are full of it.
SU with five times the cap of PGH, and probably many more times the proven reserves, point is why would SU want a relatively small company that won't add much to their bottom line. I believe I read that SU can be profitable at forty bucks a barrel, they have their own pipelines which help them get their products to market a bit cheaper than companies like PGH.. I guess I'm asking where is the synenergy?
: Markets look ugly in the U.S. right now, no doubt about it. But as I said earlier, there are stock markets all over the world that have lost as much as half their value in the last year. Some countries have also seen their currencies take out the panic lows of 2008-2009. In a couple isolated cases, they’ve plunged to their lowest levels since the 1990s – or ever."
What got POTUS elected twice, simple the people the R. ran against him. I agree though he may be on the cusp of becoming one of the worst presidents, because of his Trans Pacific Trade agreement he wants and virtually every R. Senator and most R. Representatives support.
Lost a lot of interest in Trump, after a good start he is now waffling on issues. Radical Islam needs to be destroyed for sure, and POTUS so far is doing a good job of keepinga low profile. When we get to involved we become the enemy. A Muslim saying goes like this, "The enemy of my enemy is my friend." That means in general they will fight us first, and after we leave then they will go back to fighting among themselves. One of the many things gw Bush couldn't get through his 80 IQ mind. What is worse than gw Bush is the fact that idiots elected him not once but twice. Speaks very poorly for the R. party sensibilities..
Other trusts have done away with it as a matter of necessity, not of choice. Where we go from here depends on the world's economy and it appears most countries are in trouble. We were never out of the gwBuSh depression. And the path the conservatives took, transferring billions more to a hand full of rich, wage suppression and austerity is the wrong way. Then we have the ever improving smart robots that take many more jobs than they create, a world that is over populated and droughts driving up food costs, those costs have yet to fully work there way through our economy, that means to many people don't have money to spend after basics, and that means slowing demand for goods, services and a slowing economy.
I think PGH will have to do away with the dividend, sooner or latter they have to smell the coffee, way to much oil for the market to consume. A direct result of austerity, and wage suppression in the Western economies. Most of the money is sloshing around in derivatives and other financial instruments that make the rich richer and poor poorer, Wars in the cheaper oil producing areas haven't increased the price of oil, completely counter intuitive. The world's economy has to be really messed up for that to happen, could we be witnessing the failure and hopefully the end of reaganomics? Nope I doubt it, more insanity to come, they will keep pounding square pegs into round holes, the definition of insanity doing the same things and expecting different results.
Status of Force Agreement (SOFA), signed by gw Bush, the champagne brigade Chicken Hawk, Brave don't make me laugh..
"By Robert Windrem, NBC News
On the 11th anniversary of the worst terrorist attack on U.S. soil, there is mounting evidence that the Bush administration received more intelligence warnings than previously known prior to the Sept. 11 attacks that killed nearly 3,000.
Kurt Eichenwald, a former New York Times reporter, wrote in an op-ed piece in Tuesday’s newspaper about a number of previously unknown warnings relayed to the White House by U.S. intelligence in the weeks and months prior to the attacks. Eichenwald wrote of the warnings in his new book, “500 Days: Secrets and Lies in the Terror Wars.”
How is it that you can forget the 2007 - 2008 world wide economical melt down, that pensions funds, the middle class, the poor and countries are still trying to deal with, or the worst terrorist attack by a behemoth degree, or the complete mess in the mid east all either happened or was the fault of the gw BuSh administration.
WASHINGTON (Reuters) - Republican presidential front-runner Donald Trump blasted hedge fund managers on Sunday as mere "paper pushers" who he said were "getting away with murder" by not paying their fair share of taxes.
In a telephone interview on CBS's "Face the Nation," Trump vowed to reform the tax laws if elected and said the current system was harming middle class Americans who currently faced higher tax rates than traders on Wall Street.
"The hedge fund guys didn't build this country. These are guys that shift paper around and they get lucky," Trump said.
"They are energetic. They are very smart. But a lot of them - they are paper-pushers. They make a fortune. They pay no tax. It's ridiculous, ok
Another reason for me to vote for him.