SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Wyätt Gwyön who wrote (11452)4/7/2004 11:45:59 AM
From: russwinter  Read Replies (3) of 110194
 
Well, of course speculators have piled into crude oil, their cost of money for carry trades is subsidized by the F3IP (Fed's Fully Funded Inflation Program). I'm not sure why everybody chooses to blame speculators though? To me they are engaging in rational behavior (borrowing free depreciating money to buy something of real appreciating value). Maybe some of these boyz are "Friends of Al"? Do you think they get the midnight calls too, like the bond boyz? It's a real simple economic concept that the Wizards have completely lost sight of: too much money chasing too few goods.

It's the CBs that are to blame for not removing the punch bowl. But, instead of going to the root of the problem the US hammers on OPEC to deliver more oil. And you know what, that's exactly what's happened for anybody who cares take the trouble to look at the facts.
beacon1.rjf.com
Our oil imports over the last seven weeks are at record levels (see page 4). They are supplying China big time too, their February imports even shocked me, and I am the friggin Train Wreck's Maestro, you know super-bear. The unblemished truth: OPEC is running at full capacity and way above their "quotas", and then some, and it's still not enough. Any significant disruption will be sayonara. The weak point in the US energy picture is nat gas and coal, as it's not available for import in meaningful amounts, and we can't intimidate OPEC to give us more of that one.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News