DailyMarkets.com - Why This Time Could Be Different: Rising Oil Prices Are Being Offset By Falling Natural Gas Prices

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• Why This Time Could Be Different: Rising Oil Prices Are Being Offset By Falling Natural Gas Prices
• Fantasy Vs. Reality
• War With Iran:Would You Go Bankrupt For Your Country?

Why This Time Could Be Different: Rising Oil Prices Are Being Offset By Falling Natural Gas Prices Posted: 25 Feb 2012 05:37 PM PST WSJ Blog — “Soaring oil prices in the spring of 2008 sent gasoline prices surging and accelerated the recession. Now, rising gas prices are threatening the recovery. But lower natural gas and utility costs this time around might limit some of the damage, says Deutsche Bank chief U.S. economist Joseph LaVorgna. In a note to clients last Tuesday, titled "Why this time could be different," LaVorgna reminds us of his rule of thumb for measuring the effect of run-ups at the pump: a one-cent … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Fantasy Vs. Reality Posted: 25 Feb 2012 05:20 PM PST The fantasy they want you to believe: “Sales of New Homes Dip, but Reports Suggest a Recovery Is Under Way” (Reuters) New single-family home sales fell in January, but an upward revision to December's data and a drop in the supply of properties on the market added to growing signs of a budding recovery in the housing sector. The reality I want you to see: “The Housing Recovery In One Index” (Streettalk) The Total Housing Activity Index shown here is a composite of the sales of new and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

War With Iran:Would You Go Bankrupt For Your Country? Posted: 25 Feb 2012 12:58 AM PST There has been a fair amount of chatter about a geopolitical risk premium on the price of oil stemming from a conflict with Iran. While I generally don’t agree with candidate Ron Paul on most matters, I do agree with him when he said in a debate last week that America can’t afford another war. The Institute for Economics and Peace (h/t Josh Brown) came out with a paper called Economic Consequences of War on the U.S. Economy, which Josh summarizes as: Public debt and levels of taxation … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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