In the middle of all doom and gloom in Iraq, the crude oil can collapse as it is apparent that Iraq hold double the oil initially assessed
Marla Guthrie
Apr. 19, 2007

The news from Iraq is anything but good. But the crude oil futures traders and hedge funds holding long term futures are now totally scared at a news from the financial media. Iraq is now believed to hold twice as much oil than assessed before.

The news is distinctly bearish for oil market and oil stocks. Iraqis need the revenue from the oil and the rest of the world wants that oil as soon as possible. In an interesting move, Saudi Arabia has decided to waive an eighteen billion dollar loan to Iraq. There are talks in the street that Saudis may take the lead role to help Iraq generate the output needed for the prosperity of Iraq and the rest of the world.

If that happen sin the next several years, crude oil can reach $20 a barrel!

In the middle of all doom and gloom in Iraq, the crude oil can collapse as it is apparent that Iraq hold double the oil initially assessed
Marla Guthrie
Iraqis need the revenue from the oil and the rest of the world wants that oil as soon as possible. In an interesting move, Saudi Arabia has decided to waive an eighteen billion dollar loan to Iraq.
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Rising Philadelphia Fed data for April signal start of cyclical manufacturing upturn within a large secular deflationary downturn
Peter Oberois
After some more ‘breathing data’, the manufacturing GDP will register clear negative growth. The effect will spill over into Asia and Europe which will eventually register even larger negative growth.
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Improving March Leading Indicators confuses Fed again in lowering rates in the middle of deflation and deep recession
Alan Hershey
. The deflation and recession is stealth. It is even confusing the Fed who can lower rates and takes the deflationary recession out.
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Falling March Housing Starts is a major concern – real estate far weaker than many can even imagine
Marla Guthrie
After the real crash between now and 2012, the laws will be enacted when people will be asked to put down at least 30% before they can get a mortgage.
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Retail Sales shows that consumers are tired of borrowing and spending – the deflation is in control
Joe Weinman
The consumers are still spending. They are tired though. They borrow against their homes to continue maintaining their standard of living. They borrow against credit cards and other loans.
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Gold and oil are ready to collapse due to disinflation and deflation
Alan Hershey
With that cycle top in place, the gold and oil can simultaneously go down for a long time in the next several months.
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March Consumer Prices excluding energy and food manifest fast accelerating deflation and disinflation
Sam Adelton
People still resist lowering their standard of livings. But sooner or later they will give up. Then fuel, food, and the rest of the economy will fall simultaneously.
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