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Will Katrina be the catalyst of the forthcoming Great Depression?

Posting stuff like this makes you sound like youre already depressed.

Its a storm. It'll do some damage. But Jesus aint coming down to smite the rich and help the meek.

Are you American by any chance?

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Posting stuff like this makes you sound like youre already depressed.

Its a storm. It'll do some damage. But Jesus aint coming down to smite the rich and help the meek.

Are you American by any chance?

Jesus died a long time ago.

I was talking more about the already radical effect on energy prices, i.e. oil trading at $70.88 per barrel before the hurricance even impacts.

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Oil works out at about 20p per pint (UK measure).

Oil is not going "up" in price, its been WAY below what it should be for a long time.

The reason its breaking $70 a barrel is simple - human reaction - madness, paranoia, speculation and rumour.

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Oil works out at about 20p per pint (UK measure).

Oil is not going "up" in price, its been WAY below what it should be for a long time.

The reason its breaking $70 a barrel is simple - human reaction - madness, paranoia, speculation and rumour.

... and shortage. Refineries running flat out to meet current demand. Future demand expected to grow.

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Will Katrina be the catalyst of the forthcoming Great Depression?

The economy is going south without Katrna. She might get the "blame" But I don't believe she really will be the catalyst.

Karen

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The economy is going south without Katrna. She might get the "blame" But I don't believe she really will be the catalyst.

Karen

i have a bad feeling about this one. Not forgetting for a moment the possible apocalyptic destiny of New Orleans, the prospect of losing a significant proportion of Gulf of Mexico offshore oil production could be very serious.

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i have a bad feeling about this one. Not forgetting for a moment the possible apocalyptic destiny of New Orleans, the prospect of losing a significant proportion of Gulf of Mexico offshore oil production could be very serious.

Andrew created $26B in damage. This one could be twice as much.

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i have a bad feeling about this one. Not forgetting for a moment the possible apocalyptic destiny of New Orleans, the prospect of losing a significant proportion of Gulf of Mexico offshore oil production could be very serious.

It is plausible that this leads to a serious oil price spike which in turn stamps out economic growth worldwide. So in that sense it could be a highly significant event.

That said, if it wasn't this storm then in due course it would be something else. WE have a problem just looking for a "trigger" to set it off and this could be that trigger. Then again, it might not be.

We'll know soon enough.

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  • 302 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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