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2008-04-16 Home Front Economy

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Posted by Steve White 2008-04-16 00:00|| || Front Page|| [11130 views ] Top

#1 When the Fed dumps a couple hundred billion on the market to rescue gamblers on Wall Street, you have more dollars chasing limited resources. The prices go up. The value of everyone else's dollar goes down. It's a bailout no matter how creative they want to describe it and we pay in the end.

Posted by Procopius2k 2008-04-16 08:47|| 2008-04-16 08:47|| Front Page Top

#2 Oil is also a weapon is this war. The only effective weapon muslims have.

Posted by ed 2008-04-16 08:50|| 2008-04-16 08:50|| Front Page Top

#3 Gotta wonder how much of this is demand/supply, and how much is simply specualtion driven by hedge funds and other market manipulations, like what is going on with a lot of basic commodities.

Posted by OldSpook 2008-04-16 10:43|| 2008-04-16 10:43|| Front Page Top

#4 These are not market manipulations. They are the result of the policy Bush has followed for 7 years of weakening in the dollar. The world is flooded with dollars and they are chasing commodities whose value will fluctuate less than financial assets.

Note that the price of oil in Euros is not going up. And the manipulating AQrabs sell a lot more of it to EUrope than to the US. We have no one to blame for this predicament except ourselves.

Posted by Nimble Spemble 2008-04-16 13:37|| 2008-04-16 13:37|| Front Page Top

#5 Good job most of you guys get "it". Dollar down, rather than oil up.

Posted by Bright Pebbles 2008-04-16 15:02|| 2008-04-16 15:02|| Front Page Top

#6 The time to short oil, unfortunately, seems at least 6 months away.

Posted by doc 2008-04-16 17:31|| 2008-04-16 17:31|| Front Page Top

#7 See also ASIA TIMES > RISING POWERS/SHRINKING [energy] PLANET: THE RISE OF THE NEW ENERGY WORLD/GLOBAL ORDER; + PRAVDA > THE WORLD IS DOOMED TO HUNGER AND WARS.

*IRNA > Iran is demanding restructuring of the UNO, UN SECURITY COUNCIL, agz World-UN harming "US unilateralism".

Posted by JosephMendiola 2008-04-16 19:28|| 2008-04-16 19:28|| Front Page Top

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