The Prudent Ox Economics and Financial Blog

Common-sense thoughts on the US and global economies, gold, silver, commodities, interest rates, the Federal Reserve, foreign currencies, and government policy decisions that affect the markets.

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Location: Denver, Colorado, United States

Wednesday, October 04, 2006

Classic Case of Complacency?

Martin Weiss has a good take on investors' opinions of GM and Ford. The same can also apply to the recent (and welcome) drop in crude oil and gasoline prices.

Don't get me wrong - I'm glad to see $2.50 instead of $3-something/gallon gas. I'm just not sure how long it'll last. Check out the recent FSO interview with Matthew Simmons, energy expert and author of the book Twilight In The Desert.

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