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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: hamsandwich who wrote (149717)	5/30/2001 5:59:18 PM
From: SecularBull	Read Replies (1) \| Respond to of 769670

Perhaps Davis needs to propose a consumption tax? <VBG> ~SB~

To: hamsandwich who wrote (149717)	5/30/2001 6:04:19 PM
From: ThirdEye	Read Replies (1) \| Respond to of 769670

amok.<gg>

To: hamsandwich who wrote (149717)	5/30/2001 8:18:06 PM
From: willcousa	Respond to of 769670

The spot market was not the place for Cal to be buying all its' outside needs. Users of commodities have been for centuries using hedging and more recently long term supply contracts to cushion supply shocks and seasonal variations. The spot market is operating just like the Tbill market operates when someone big has to buy and the traders know it. The same goes for a mutual fund trying to move a big position - if the market finds out what they are about they will get hammered. If I had the only tomatoes in the world and Cal wanted them I would not like the government telling me what the price should be. The quickest way to solve the supply problem is to drive the prices to where lots of folks will want to be the solution.