Is there any other kind of poll? A Big Money Poll! Whoopee!

Where’s mine?

Most of the people who answered the poll have vested interests. They lie. This is good because if they are correct, there will be no recovery … nada, zilch, nyet, fuggetaboutit!

This is from Tyler Durden, I don’t know where he got it.

American big shots polled predict $55 oil by the end of the year. They predict $64 dollar oil next year. I suspect they are wrong because prices that high will eliminate the predicted GDP growth rate of 2.2%. What is passing for a ‘Green Shoots’ rccovery period is simply a reaction to a few months of $35 not that long ago. Today it is $48.

$50 oil will strangle this economy. If $5.25 % funds rate and $40 oil will strangle a much stronger economy, albeit a more leveraged economy. Fifty dollar oil will embalm this economy which is much less active and still massively overleveraged.

A conservation plan, odd- even rationing, a gasoline tax … anything that gets people out of their cars are what is needed. It’s a food/economic self interest/survival of the country issue.