speculators: And the reason is...
- 09/22/08 12:35 PM
...<does anybody have the hat? Where's the hat? You know, the excuse hat, where is it?> And the reason is..."The bail-out of the financial markets could potentially cause a Trillion dollar deficit, which weakens the dollar. So, of course since oil is priced in dollars it HAD to go up...right? Right. A run-up in oil prices is certainly not attributable to speculation. Entirely supply and demand. Clearly with no pending storm systems in the gulf and Russia having pulled out of Georgia (the last two reasons du jour for those of you playing at home), it must then be that the world's demand for oil … (0 comments)
speculators: Whats in a name?
- 08/26/08 05:43 AM
Gustav - from the German, meaning Staff of the Goths How apropos. Staff of the Goths, harbinger of doom, herald of Galactus, a manure by any other name still smells as foul. This little baby is all over CNBC as a category 1 hurricane. It's worst that the storm watch of a couple dark clouds in Los Angeles. I have 5-day charts of it's projected path careening toward the ports, pipelines and refineries of the gulf coast. Run for your lives, it's another justification for oil speculators to drive up the price at the pump. There is a fine line between … (2 comments)
speculators: Those nutty Russians, or is it us?
- 08/22/08 05:38 AM
Here we go again. Bond yields, and therefore interest rates, are up 11.6 basis points (bps) today from yesterday's low based on the release of all of the strong, high level economic reports. "What economic reports" you say? My point exactly. There wasn't a single report on today's calendar. Oh sure, we had the PPI reading on Tuesday that was more inflationary than expected which caused a a whopping 4 bps uptick on the 10-year Treasury. By the way, the PPI, or Producer's Price Index, is a report that measures the price of goods at the wholesale level. Cost of goods goes up at … (4 comments)
You will find that my blogs tend to occupy one of two categories. As a committed economy junkie I will frequently give you my insights on where I think the economy is going or what is causing it to be where it is. Please be patient with the other type which are the cathartic rants of a lender on the razor's edge of reason.
...<does anybody have the hat? Where's the hat? You know, the excuse hat, where is it?>;)
;)
