Comments on: Warren Buffett and The Future http://www.investorgeeks.com/articles/2008/08/22/warren-buffett-and-the-future/ Learning and sharing investment knowledge. Thu, 17 Mar 2011 02:30:53 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Christian http://www.investorgeeks.com/articles/2008/08/22/warren-buffett-and-the-future/#comment-525824 Christian Tue, 26 Aug 2008 22:02:20 +0000 http://www.investorgeeks.com/articles/2008/08/22/warren-buffett-and-the-future/#comment-525824 Well, regarding your point on oil and alternatives I completely concurr. If say oil were to drop to say 75 alternatives would drop off the face of the planet. However, if oil were to stay around a 100 I am not so sure. BUT you are completely correct in that the oil producers can control this to their liking. Good question regarding the credit card debt. Here is what I see. Those that were in trouble with housing are in trouble with credit cards, but those otherwise are not. What bugs me is that I ask many many people and ask them, "hey you spending? You having problems?" And I hear for the most part I am being conservative... Only those that had housing troubles seem to be having credit card troubles. I do feel things are being overblown, but I can't pinpoint other than the new FDIC results... Well, regarding your point on oil and alternatives I completely concurr. If say oil were to drop to say 75 alternatives would drop off the face of the planet.

However, if oil were to stay around a 100 I am not so sure. BUT you are completely correct in that the oil producers can control this to their liking.

Good question regarding the credit card debt.

Here is what I see. Those that were in trouble with housing are in trouble with credit cards, but those otherwise are not. What bugs me is that I ask many many people and ask them, “hey you spending? You having problems?”

And I hear for the most part I am being conservative… Only those that had housing troubles seem to be having credit card troubles.

I do feel things are being overblown, but I can’t pinpoint other than the new FDIC results…

]]> By: saurabh http://www.investorgeeks.com/articles/2008/08/22/warren-buffett-and-the-future/#comment-524081 saurabh Mon, 25 Aug 2008 18:44:05 +0000 http://www.investorgeeks.com/articles/2008/08/22/warren-buffett-and-the-future/#comment-524081 SIr, regarding the Oil destruction point it is completely valid.I have a gut feeling that oil spikes create sudden demand for alternative sources of energy and the whole attention is focussed on it.BUt soon after oil slides a bit , the passion for that technology vanishes.Its like over the Oil producers know this and price flucuations are done to kill alternates.. Well, regarding the home loan issue, i have heard that almost 1 on 5 is affected out there in US and UK.Some issues of new writedowns called "credit card write downs" are also very much on the cards..please clarify this too SIr, regarding the Oil destruction point it is completely valid.I have a gut feeling that oil spikes create sudden demand for alternative sources of energy and the whole attention is focussed on it.BUt soon after oil slides a bit , the passion for that technology vanishes.Its like over the Oil producers know this and price flucuations are done to kill alternates..
Well, regarding the home loan issue, i have heard that almost 1 on 5 is affected out there in US and UK.Some issues of new writedowns called “credit card write downs” are also very much on the cards..please clarify this too

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