Amen!
Posted on 05/22/2008 5:51:24 AM PDT by wildbill
And bet your life, when this bubble pops -- which it will --, the big specs will get short, short, short.
And prices will collapse, just as they always do after parabolic bull mkts.
Unless, of course, the Regress do something sufficiently stupid to damage yet further the ability of the US to produce energy.
How do you figure?
Every middleman takes a cut that get passed on.
And prices will collapse, just as they always do after parabolic bull mkts.
Unless, of course, the Regress do something sufficiently stupid to damage yet further the ability of the US to produce energy.
I agree with both statements.
Futures traders are not middlemen. That was easy. Try again?
Amen!
I am not a green thumb, but we recently bought a book on square foot gardening and will give that a try this summer.
Our next step is to figure out the best alternative to our oil fuled furnace - which is only 7 yrs. old.
Are you interested in the essentials and basics of life and being able to live well and as a family and with God on these? This is the big question because we have been a consumerist society and at our worst we have an obsession with frivolous items that give transitory happiness that end up in the landfill next year. The bad economy is forcing many to move way from the $100 items that will soon will be in the landfill to the necessities. We have cut back greatly on junk food and eat more dried beans (not canned)
Futures traders are not middlemen. That was easy. Try again?
Maybe. They are buying and selling oil. They might not be ever taking possesion but they are gaining profits that are passed on to the customers without adding to the oil’s value.
I am pretty confident our indulgence in luxury items are pretty low.
We are raising 7 children, so spreading one paycheck among so many people has forced us to concentrate on necessities -not luxuries.
We never buy new cars. We bought a modest home and remodeled it.
We only have junk food in the house when there is a party -a sleepover.
Occasionally we may splurge, but a “splurge” item in our minds usually doesn’t qualify as “splurging” to some of our wealthier friends (sports equipment, dinner at a nice restaurant, etc...)
Often they are buying and selling to each other.
They might not be ever taking possesion but they are gaining profits
Futures traders always make a profit? How does that work?
I would grow a big garden and put your children to work in it. Laying hens too if your zoning permits
Futures traders always make a profit? How does that work?
Futures traders never make a profit? Why do they bother?
Some do, some don't. You know that for every dollar made on a futures contract, a dollar is lost on the other side?
Some do, some don’t. You know that for every dollar made on a futures contract, a dollar is lost on the other side?
Yes, I do. Maybe you’re right that most of the time, speculating doesn’t drive up prices. The exception would be during a bubble when there is a glut of money flowing into the market going long due to irrational exuberance. Of course when the bubble bursts, the market will go farther the other way possibly making it a wash.
Then how could you claim they add costs to the consumer?
The exception would be during a bubble when there is a glut of money flowing into the market going long due to irrational exuberance.
For every long contract, there has to be a short contract.
I remember reading somewhere that the U.S. government subsidizes every megawatt of electricity produced by wind power to the tune of $43.00 per megawatt....where as oil and natural gas depletion allowance only amounts to about $20 per megawatt equivalant.
As you say, Boone didn't just fall off the turnip truck yesterday.
I think you’re on the right track. It mirrors some of my strategy. I know several have traded in their big trucks to go to small cars - I’m sure their macho image was dented but that was a smart move on their part. Square foot gardening has been with me for a good while. Also composting. It doesn’t take much effort/area to have a compost pile working either. I know nothing about oil furnaces. Can they burn used motor oil, vegetable frying oil or substitute?
Works just about like the Real Estate market worked for those lenders that bet long by selling sub-prime loans, and buyers that bought way more house than they could afford.
Essentially they were futures traders betting long.....way way too long!
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.