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Strategies & Market Trends : The Residential Real Estate Post-Crash Index-Moderated -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (26726)	6/23/2011 4:37:42 PM
From: The Reaper	2 Recommendations Read Replies (3) \| Respond to of 119360

Do you even understand how unemployment works during a recovery? Administration claims there's been a recovery since '09. Less Americans employed now than then. We are well past the stage where unemployment claims should continue to go up if there was any recovery in progress. I can appreciate optimism when it's well placed. This unemployment situation is dire and all they can think about is trying to shock the oil markets down before the July 4th holiday. SPR is to be used for national emergencies not gaming the markets for political capital. I'm so cynical now that, with Goldman's call for lower oil prices today (after their call for higher prices last month), that I believe that this SPR release was done to actually facilitate Goldman's entry into oil since we know they always publicly recommend the opposite of what they are doing as principals. How else are you going to get 90 straight days of no losses in a quarter? POO over 100 within a month.