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Middle aged heterosexual, WASP male. Semi retired, semi-sane and semi-serious. And endangered species and I'm not going quietly!!!!

Saturday, May 31, 2008

The Sky is Falling

We are slowly getting into the summer holiday driving period and a lot of people are wondering whether they should stay closer to home with gas prices the way they are!

Let me tell you something folks. The doom and gloom crowd is out in full force!

Oil prices and overall inflation will remain elevated for the foreseeable future, former U.S. Federal Reserve chairman Alan Greenspan predicted yesterday.

"As far as I can tell it's a long-term uptrend," the former central banker told 1,900 people who attended a lunch-time speech in Montreal.
Greenspan said oil prices are rising partly based on market speculation and due to significant structural imbalances in supply and demand.

We now have the experts predicting $200 dollar oil and five dollar a gallon gas with all sorts of nasty results ......... which leads me to believe that oil is about to fall back below a hundred bucks and the economy is poised to cool off some more, and stability to return for at least the short term.

If it doesn't happen in the next couple of months we can count on it by about September!

Why, because when a few smart people preach "doom and gloom," there might be something to it! But, when EVERYONE starts yelling that "the sky is falling," this is about the time things take a turn for the better! It happens every time!

Allan W Janssen is the author of the book The Plain Truth About God (What the mainstream religions don't want you to know!) and is available at the web site www.God-101.com

Visit the blog "Perspective" at http://Allans-Perspective.blogspot.com

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