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Old 06-13-2008, 01:55 PM   #21
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Originally Posted by laurencewill View Post
My next car may be a scooter.
I spent a couple hours yesterday looking into the costs, advantages and disadvantages of scooters. And I learned what lane splitting is, and that it's illegal in 49 states (legal in CA). You can get a very good scooter for a couple thousand, and the low gas cost can mean it pays for itself in maybe 5,000 miles.
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Old 06-13-2008, 04:02 PM   #22
Give me a museum and I'll fill it. (Picasso)
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Originally Posted by kcowan View Post
But it bears little resemblance to the housing bubble in fundamentals. There we had "free money" fueling greed and panic with agents to instill fear of losing out.
Sounds precisely the same. Real interest rates are once again negative in the US. So money is better then free, they're paying you to take it off their hands. Not just in the US, either. Most developing countries, China, India, most of the rest of Asia, Russia, etc all have interest rates pegged below their respective inflation rates. Free money is alive and well. And with oil up 600%+, there is plenty of fear of missing out.

But the world is starting to recognize that it has a brewing inflation problem. That, my friends, is the beginning of the end.

Besides, if one of the richest countries on earth is having trouble coping with $130 oil, do you really think India and China can cope?
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