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Investments > Investing Science > Re: Speculators...
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Re: Speculators are sending prices to levels never seen before. Is it profiteering or an essential way to ensure supply?

by "Bob Eld" <nsmontassoc@[EMAIL PROTECTED] > May 17, 2008 at 07:56 PM

"Joe" <useful_infos@[EMAIL PROTECTED]
> wrote in message
news:85e3e212-6cff-4733-a3b1-31b3d65fdb05@[EMAIL PROTECTED]
> http://Muvy.org

That's our capitalist system at work. The problem is that any kind of
government intervention, like price controls, over taxation, tariffs, and
so
on NEVER works. We can nibble at the edges and should do it but blatant
action that smacks of a controlled economy will backfire big time. That's
the main problem in the Communist and Socialist countries and the main
reason they failed. Look at China. Nixon tried price controls and that
went
over like a lead balloon.

The only long term answer is competition from alternative energy. Sooner
or
later it has to be done in any case because petroleum is finite. So, why
not
now? Sup****t efforts to develop alternative energy, sup****t biofuels and
other alternatives. It's the ONLY way we can break the yoke.

Speculators have moved into oil, food and other commodities because stocks
and real estate have been poor investments recently. Much of that has to
do
with the value of the dollar which is caused by excessive borrowing to pay
for two wars. Everything has consequences. Government spending without
proper taxation is part of the problem. If the US gets it's fiscal house
in
order then the speculators will move money back into traditional
investments
and oil, food and so on will stabilize.

Don't vote republican, they have no clue how to run an economy as we can
plainly see.
 




 3 Posts in Topic:
Speculators are sending prices to levels never seen before. Is i
Joe <useful_infos@[EMA  2008-05-16 12:50:56 
Re: Speculators are sending prices to levels never seen before.
The Trucker <mikcob@[E  2008-05-16 14:39:19 
Re: Speculators are sending prices to levels never seen before.
"Bob Eld" <n  2008-05-17 19:56:28 

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tan12V112 Sun Nov 23 4:56:25 CST 2008.