The Energy And Market Page, T+186 -- July 25, 2017

The other day, Don had some thoughts on the market going forward. This was my not-ready-for-prime-time e-mail reply.

Disclaimer: this is not an investment site. Do not make any investment, financial, travel, job, or relationship decisions based on what you read here or what you think you may have read here.

Disclaimer: I am inappropriately exuberant about the Bakken, and similarly inappropriately exuberant about the current economy. I have always been inappropriately optimistic about the US economy -- since 1984.

My thoughts in that e-mail, with slight editing:

I think Jamie Dimon was right: with Trump's agenda, the economy will grow very, very fast; without Trump's agenda, the economy won't grow any more slowly; in other words, Dimon thinks that even if Trump's agenda is stopped cold, the US economy will continue growing.

1. ENERGY: I think cheap energy prices are percolating throughout the entire economy.

2. MONEY: Cheap money continues to percolate through the entire economy. Even Janet Yellen seems more dovish all of a sudden; she either sees something that scares her or she wants to keep her job.

3. REGULATIONS: I have a note from a businessman in ND who says the change in federal regulations are already affecting how fast contractors can get things done in ND. In some cases, EPA, etc. would have slowed project start dates as long as eleven years; they're now seeing these delays going down to two or three years.

4. ATTITUDE: Amazon, Apple, Google, Tesla, JPMorgan, etc., all have a huge appetite to keep growing. Making America Great may sound like a simple slogan but it too percolates through the whole economy. Folks don't want to be left standing at the depot when the train pulls out. And several trains have already left the station. Amazon hit new highs yesterday. NASDAQ hit the 50th record high since Trump's election or something like that.

5. BALKANIZED: Whatever the US does as a whole, the economy, like politics, is going to become more regionalized. Despite my continued negative comments on California has, it remains a growth engine in technology. Texas cannot be held back. RBN Energy said Florida got a new natural gas pipeline in for the first time in decades and I don't think Florida can be held back. Financial institutions in Boston -- not going to be held back. The recent CNBC story said Minnesota was a great place to start a new business and Washington State was the best state to start a new business, so even those states are doing something right.

6. I think if the economy were to turn real ugly, it would have to be a "black swan" as they say -- something that no one expects.

Opportunity to weigh in: poll at sidebar.