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Something tells me that the parabolic trend is not going to last forever. Brace for a future exponential trend failure.
Source Data:
St. Louis Fed: Custom Chart
ICE: Mortgage Delinquency Rate Increased Year-over-year in October
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From ICE: ICE First Look at Mortgage Performance: Serious delinquencies hit
17-month high while foreclosure activity remains historically muted
• At 3.45% ...
1 hour ago
4 comments:
Please note that I am in no way trying to imply the timing of the failure.
The cheap natural gas and high oil pricing is enabling the recovery from Canada's marginal stuff.
Converting to CNG is no picnic, alas.
The natgas oversupply now is strongly reminiscent of the 1980s glut -- pumpers had fixed costs to pay so had to sell at whatever the market would pay and try to make it up on volume, which of course pushed prices lower.
Alaska would have been well-advised to just leave their oil in the ground when they were getting only $10/bbl for it in the mid-80s, but they needed to pump -- that pipeline wasn't going to pay for itself.
I need to buy a natural gas vehicle. The dollars I would save!
My girlfriend has a few natural gas vehicles (otherwise known as horses, lol).
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