] LONDON (Reuters) - Oil prices could touch $105 a barrel
] in the next few years, the influential investment bank
] Goldman Sachs said Thursday.
] "Based on our analysis of gasoline spending and the economy
] noted above, we estimate that U.S. gasoline prices may need to
] exceed $4 per gallon," they said.

[ Maybe this is the kick in the ass america needs. Or, maybe we'll find some wilderness to drill. -k]

Goldman says oil could spike to $105 a barrel - Mar. 31, 2005

] Human beings, it turns out, are wired to make dumb
] investing mistakes. What's more, we are wired not to
] learn from them, but to make them again and again. If
] there is consolation, it is that it's not our fault. We
] are born suckers.

[ Very interesting article. I appreciate the comparison of market beating investors to pro athletes... more people need to realize that they're just not that likely to strike it rich in the market. -k]

Born Suckers - The greatest Wall Street danger of all: you. By Henry Blodget

] In a nutshell, Roach's argument is that America's
] record trade deficit means the dollar will keep falling.
] To keep foreigners buying T-bills and prevent a resulting
] rise in inflation, Federal Reserve Chairman Alan
] Greenspan will be forced to raise interest rates further
] and faster than he wants.
]
] The result: U.S. consumers, who are in debt up to
] their eyeballs, will get pounded.
]
] Less a case of ``Armageddon,'' maybe, than of a
] ``Perfect Storm.''

[ I've been reading more and more of this kind of story. It's scary. Having completely zeroed my credit cards, I'm presently working to pay off all my variable interest rate loans, because the rate hikes have already started. If you haven't consolidated those student loans onto something fixed, I don't think I'd wait... -k]

BostonHerald.com - Business: Economic `Armageddon' predicted

] The 32,000 net jobs added in July represented the
] smallest gain in hiring since December and followed a
] revised gain of just 78,000 in June, even less than
] previously reported. May's payrolls also were revised
] down to show a gain of 208,000.
]
] "Employers got cold feet," said economist Ken Mayland,
] president of ClearView Economics. "Employers just don't
] have the confidence in the economy that we need to
] sustain the kind of economic growth that we've seen."

Forbes.com: Only 32,000 Jobs Are Added in July

] I call it the Kerry trade, which is not to be confused
] with the "carry trade," a major position among hedge
] funds involving money borrowed at low U.S. interest rates
] and invested in products that pay higher rates.
]
] The Kerry trade has been rampant on Wall Street in the
] last several weeks as large investors sell their holdings
] to hedge against the possibility that the Massachusetts
] junior senator could actually, might possibly win in
] November.
]
] The theme behind it is that if a tax-and-spend Democrat
] wins the White House, the stock market will immediately
] tank, so better to sell now and be in cash as long as the
] polls indicate that it could be a close vote.
]
] But the theme is wrong for several reasons.

Unwinding the Kerry trade - Commentary: Sell Iraq, buy the economy

] We would achieve this balance by issuing what I will call
] Import Certificates...

well, i'm no economist, but this seems logical to me. Fully recognizing that logic may be misleading when it comes to macroeconomics, are there any economists in the Memestreams community?

At the very least, i'm glad this stuff is getting some media attention, because it seems (again, me != econ professional) that buying more than you sell is a bad plan in the long term.

Buffet: America's growing trade deficit is selling the nation out from under us.