idb
Gold Member
- Dec 26, 2010
- 14,986
- 2,590
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Dude.
Maaaaate!
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Dude.
Dude.
Maaaaate!
Would there be any oil futures without exploration?
That bread is buttered on the front side.
Futures are the carpet sweepings of the true risk takers.
Allow me, then, to be precise.
Oil come from ground. Brought up from ground my heap big risk taker.
Skank ass mother traders move in and make wampum.
Dude.
WTF? I was talking about the oil bubble, not the housing bubble.You'd think the shit tons of money that investors lost in the 2008 speculative bubble would be enough to keep them from doing it again.
good point!!! of course no one is buying mortgage backed securities anymore, except for the few new ones that are really solid. And, there is no reason to assume more speculators are betting that the price will go up rather than down.
You'd think the shit tons of money that investors lost in the 2008 speculative bubble would be enough to keep them from doing it again.
You'd think the shit tons of money that investors lost in the 2008 speculative bubble would be enough to keep them from doing it again.
Why???? We would just bail them out!
You'd think the shit tons of money that investors lost in the 2008 speculative bubble would be enough to keep them from doing it again.
Why???? We would just bail them out!
lets recall what really happened. Millions went bankrupt. Merril Lynch stockholders and many many others lost 100% and got no bailout.
You'd think the shit tons of money that investors lost in the 2008 speculative bubble would be enough to keep them from doing it again.
Why???? We would just bail them out!
lets recall what really happened. Millions went bankrupt. Merril Lynch stockholders and many many others lost 100% and got no bailout.
Why???? We would just bail them out!
lets recall what really happened. Millions went bankrupt. Merril Lynch stockholders and many many others lost 100% and got no bailout.
Millions went bankrupt but the big betters, the ones that cause the massive swings did not. That was the point.
There's nothing wrong with the increase in price of oil;
oil is one of the most inelastic commodities in our society, meaning demand won't change with increase in prices.
We need oil regardless of the price,
and it is up to us to slow down its consumption to lower demand, and therefore its prices. There is no other way that will work on a world scale.
lets recall what really happened. Millions went bankrupt. Merril Lynch stockholders and many many others lost 100% and got no bailout.
Millions went bankrupt but the big betters, the ones that cause the massive swings did not. That was the point.
As I said the owners of Merryl Lynch, Lehman, Bear Sterns, Wachovia and a slew of others lost 100% or nearly 100%. Only a child would pretend they got bailed out and went on as normal.
There's nothing wrong with the increase in price of oil; oil is one of the most inelastic commodities in our society, meaning demand won't change with increase in prices. We need oil regardless of the price, and it is up to us to slow down its consumption to lower demand, and therefore its prices. There is no other way that will work on a world scale.
Millions went bankrupt but the big betters, the ones that cause the massive swings did not. That was the point.
Yes, you said that with zero attempt to even understand the post. I guess the CEO of Merryl Lynch went broke huh.
The average Joe stockholder went broke.
Mutual funds and the like went broke. The blind that thought they were good because they made money but did not understand what was going on went broke. Those that manipulated the market did not.
When they went to far the government covered the back end and made sure that the major institutions did not have to pay the price that they should have had to pay for their actions.
Yeah...NOW that he was pressed on it BY the HOUSE TEA Party guys...Obama has already addressed this issue...No drilling. Moratorium that he continues to be defiant on as a court has told him a couple of times he was outta line on...
The facts say otherwise.