A Quote by Doug Ose
Clearly, high energy prices will have a large negative effect on the California economy and could possibly drag the rest of the nation into a recession.
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If oil prices will go too high, it will slow down the world economy and would trigger a global recession.
I know that there are those who disagree with the overwhelming scientific evidence on climate change. But here's the thing -- even if you doubt the evidence, providing incentives for energy-efficien cy and clean energy are the right thing to do for our future -- because the nation that leads the clean energy economy will be the nation that leads the global economy. And America must be that nation.
A comprehensive national energy policy is critical to our nation's economy and our national security. Energy expenditures account for about 7% percent of our total economy and influence pricing in the much of the rest of the economy.
We got into a recession because the global economy went into the recession and we're a big exporting nation.
There is no doubt that the Fed's large-scale asset purchases have caused major increases in a number of asset prices in the economy. This is especially true of mortgage backed securities and corporate bonds, and quite possibly of equities as well. For those people and institutions holding those things, the run up in prices has been a wealth bonanza.
I've lived through periods of illiquidity before. Asset prices come down. The economy slows or even goes into recession. Then the cycle re-starts. We buy at lower prices with less leverage.
It would take a civilization far more advanced than ours, unbelievably advanced, to begin to manipulate negative energy to create gateways to the past. But if you could obtain large quantities of negative energy-and that's a big "IF" - then you could create a time machine that apparently obeys Einstein's equation and perhaps the laws of quantum theory.
As the sixth largest economy in the world, the economic engine of the nation, and provider of a large percentage of the federal budget, California carries a lot of weight.
I have always believed that this idea of having a nation go through this very painful five or six years of continuous recession with high unemployment would be detrimental for the economy and the society.
A nation's exchange rate is the single most important price in its economy; it will influence the entire range of individual prices, imports and exports, and even the level of economic activity. So it is hard for any government to ignore large swings in its exchange rate.
If you go from $7 to $15 in a very short period of time, potentially that could have a negative effect on some economies because that is a very big jump. And you're saying to businesses that employ a large number of minimum wage workers, your payroll is basically going to double. That could have a negative impact. It would have to be studied.
California as a nation or part of a larger West Coast nation, should other states join with California, would be a good influence on the rest of the United States.
When George Bush finally leaves the White House, the satire industry will briefly join the rest of the economy in recession. It will certainly be the end of an era.
The nation that leads the clean energy economy will be the nation that leads the global economy.
If we had a hydrogen economy worldwide, every nation on earth could create its own energy source to support its economy, and the threat of war over diminishing resources would just evaporate.
The bull market, rising prices, earning lots of money, make it seem as if the good days will never end. When prices are falling and there is a recession, that also feels as though it will last for ever. Politics is the same. People simply can't imagine changing circumstances.
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