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  1. Everyone keeps saying the ‘fair value’ of oil is $85 or $65 yet, here we are.

    THE ISSUE IS THE FAIR VALUE OF THE DOLLAR, NOT THE FAIR VALUE OF OIL.

    And I do think Obama’s effort at ‘doing something’ about gas prices is sorrowful.

    WHY IS IT THE PRESIDENT’S RESPONSIBILITY TO DO SOMETHING ABOUT GAS PRICES??? I’M SO SICK OF HEARING PEOPLE BLAME THE PRESIDENT FOR GAS PRICES. IT’S NOT THE PRESIDENT’S JOB TO CONTROL MARKETS (THOUGH GIVE THE DEMOCRATS ANOTHER FEW TERMS AND THEY’L PROBABLY TRY TO LEGISLATE THAT).

  2. Denton, strangely what has happened is that ETFs are NOT derivatives. They are securities backed by physical commodities. It seems by chasing speculators out of the derivatives markets you get something more dangerous to markets — investors intruding into the actual physical trade for commodities. This is the most dangerous and if we remember back to the Hunt Brothers and their attempt to corner the silver market, they were messing with the actual world supplies of silver. But this is what happens if you chase the investor world out of the derivatives markets.

    Back to cleaning the back yard. Hercules cleaning the Augean stables.

  3. “But does Spain support Biff or M4L?”

    I think M4L was Franco, M4L’s supporters were Germany, and Biff was the socialist government (I mean duh, it’s Biff). But this time the socialists won.

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