http://www.creditwritedowns.com/2009/03/dont-underestimate-the-power-of-printing-money-part-2.html Sat, 21 Nov 2009 08:48:41 -0700 http://wordpress.org/?v=2.8.6 hourly 1 http://www.creditwritedowns.com/2009/03/dont-underestimate-the-power-of-printing-money-part-2.html/comment-page-1#comment-4511 hbl Tue, 24 Mar 2009 15:29:33 +0000 http://www.creditwritedowns.com/?p=7387#comment-4511 Hi Ed- Thanks for your ongoing coverage, whether or not our perspectives match exactly on the threat of inflation. Some quick thoughts on why oil might have jumped independently from the results of any stimulus: 1. Supply reductions (a lot of production is unprofitable at these prices) 2. Inventory draw downs completing throughout the demand chain 3. A new round of speculation Of course I do <i>hope</i> you are right about the potential for economic recovery. Hi Ed-
Thanks for your ongoing coverage, whether or not our perspectives match exactly on the threat of inflation. Some quick thoughts on why oil might have jumped independently from the results of any stimulus:
1. Supply reductions (a lot of production is unprofitable at these prices)
2. Inventory draw downs completing throughout the demand chain
3. A new round of speculation
Of course I do hope you are right about the potential for economic recovery.

]]> http://www.creditwritedowns.com/2009/03/dont-underestimate-the-power-of-printing-money-part-2.html/comment-page-1#comment-4510 hbl Tue, 24 Mar 2009 15:17:19 +0000 http://www.creditwritedowns.com/?p=7387#comment-4510 Hi Ed- Thanks for your ongoing coverage, whether or not our perspectives match exactly on the threat of inflation. Some quick thoughts on why oil might have jumped independently from the results of any stimulus: 1. Supply reductions (a lot of production is unprofitable at these prices) 2. Inventory draw downs completing throughout the demand chain 3. A new round of speculation Of course I do <i>hope</i> you are right about the potential for economic recovery soon. Hi Ed-
Thanks for your ongoing coverage, whether or not our perspectives match exactly on the threat of inflation. Some quick thoughts on why oil might have jumped independently from the results of any stimulus:
1. Supply reductions (a lot of production is unprofitable at these prices)
2. Inventory draw downs completing throughout the demand chain
3. A new round of speculation
Of course I do hope you are right about the potential for economic recovery soon.

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