While the administration likes to point out that the filling of the strategic oil reserves is not a factor in oil prices, it remains a fact that commodities are priced at the margin. The oil reserve has been the buyer…Continue Reading →
Oil is about Iran and the buildup of strategic reserves, period.  In our opinion Bush-Cheney are watching the election setup. If it looks like it is McCain or Clinton they will cool their heels as either of them will continue…Continue Reading →
Otto Spengler, Asia Times. 4/24/08 China is exchanging its depreciating reserves of US dollars for things of value, notably rice, with frightening consequences for dependent countries, and deadly consequences for American foreign policy. The chart below shows the price of…Continue Reading →
Change comes easiest when you don’t have to force it, waiting until people beg for it is a sure thing. If you really want to force it, advocate some real change in economic policy. The polls got one thing right…Continue Reading →
‘Labor is prior to, and independent of, capital. Capital is only the fruit of labor, and could never have existed if labor had not first existed. Labor is the superior of capital, and deserves much the higher consideration.’ Lincoln’s First…Continue Reading →
Breaking news on Newsmax.com, “A strike on Iran is Nearing”. If this is for real, the stock market is in real trouble with volatility and complacency at very low levels. On the otherhand it could be the cover story to…Continue Reading →
Overnight we are seeing a little bounce from yesterdays 1325 low in the S&P, market currently at 1337. This is problematic in terms of being a buyer at 1320, volatility is too low for this to be a bottom. We…Continue Reading →
Reuters headline this morning, “can John McCain win in a recession?”  I didn’t look at their answer, because who knows. But for sure economic policies out of Washington’s executive branch are being assessed to try and help push oil prices under…Continue Reading →
Why does the market hold above the January 22nd lows in spite of increaingly bad news. It’s simple, the bmarket believes that it will be bailed out when it gets bad enough. Bear Stearns on Friday was another piece of that…Continue Reading →