Tweet
I'd be shocked if they did QE3. That would be really fucking stupid of them. But we'll see!
-
Originally posted by racrguyOriginally posted by racrguy -
-
The first time it was needed, even Buffett says that. The second was a little questionable. A lot of people would be apeshit if there was a third round because everyone knows we are in for some serious inflation as it is.Originally posted by Denny View Post
On the other hand Jim Chanos who was one of the first people to call bullshit on Enron, has already planted his flag and said there will be a third round.
We'll see I guess. Time to own shares in companies that can pass on inflation to their customers for me!Originally posted by racrguyOriginally posted by racrguyComment
-
I'm waiting to see the full effect of the 2nd one, but how can they not spend into oblivian at this point?Originally posted by Broncojohnny View PostComment
-
I like the show in Washington...the Dems won't even think about cutting spending. The Repubs want to act like they are all for it but will come up just short of actually doing it.Originally posted by Denny View Post
A budget that over spends 10% of GDP is going to fuck things up in a hurry.
They can't cut what they need to though because the old people and dirtbags will be on the cover of every magazine starving to death.Originally posted by racrguyOriginally posted by racrguyComment
-
$228B deficit in our shortest month of the year...
Keep the ink wet, Benji.Comment
-
Crude falls on Gaddafi rumours
News wires 08 March 2011 06:04 GMT
Brent crude fell below $115 today on reports Libyan leader Muammar Gaddafi was looking for a way to step down and end the fighting that has slashed the nation's exports, and investors were also soothed by Opec assurances of supply to the market.
As much as 1 million barrels of Libyan output has been disrupted by clashes between Gaddafi and rebels, or about two-thirds of normal production. That is just above 1% of global daily consumption.
Two Arab newspapers and al Jazeera television said yesterday Gaddafi was looking for an agreement allowing him to step down, but there was no official confirmation of the reports.
"I'm not surprised that Brent is running a little bit out of steam," said Matthew Lewis, an analyst at CMC Markets in Sydney.
"In terms of the Libyan crisis, there is a lot of speculation that perhaps Gaddafi is looking to extradite himself. That may put an end to the crisis and the oil price would fall fairly rapidly."
Algerian Oil and Energy Minister Youcef Yousfi told Reuters that the market remained well supplied despite the cut in Libyan exports and that Opec members had no plans to meet for now.
"I think it is more psychological effect than physical deficit of oil in the market," he said. "I don't think really there is a deficit."
ICE Brent crude for April shed 35 cents to $114.69 a barrel, after hitting $119.79 on 24 February, the highest prices since 2008. US crude slid 61 cents from a two and a half year peak to $104.83.
US crude closed above $105 yesterday, its highest since September 2008, buoyed by traders who sold Brent and bought West Texas Intermediate, unwinding a popular trade that had blown out to a record $17 a barrel last week.
The Brent/WTI spread has shrunk by more than $7 since then, ending yesterday at its narrowest since January.Comment
-
1% of global production is interrupted and we are hit with a increasing gas prices everyday.
ONE PERCENT!!!Comment
-
Thank goodness...Comment
-
-
-
-
I understand that. But the turmoil causes them to bolster their supply by looking to our suppliers. And again, it doesn't help that our current core of leadership is made up of pussies.Originally posted by Denny View PostComment
-
Right. I will do nothing but make our "decision makers" make yet another wrong decision.Comment
-
Mass suicide on their part would be a step on the right direction.Comment
Comment