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Wall Street Breakfast: Must-Know News [view article]
I'm neither Democrat nor Republican. I think they all stink. But Kelly Lieberman, if you really feel that way, why not move to Cuban or Venezuela, where you can enjoy fruits of your philosophies? Venezuela, thanks to a Marxist dictator, now has widespread food shortages in a country that used to provide for its own, and enjoys vast oil wealth. Socialism and its believer keep promoting its destructive philosophies again and again, despite its repeated failures. ReplyWall Street Breakfast: Must-Know News [view article]
Mr. Levy keeps posting the same post throughout. It is pure spam, intended to tease people to his site, where he sells books. The books are as silly as his too-often-repeated posts. ReplyWall Street Breakfast: Must-Know News [view article]
KellyLieberman
I thought the Democrats controlled congress. You know. The ones that said they would end the war last January when elected to congress. Reply
ancisco
Wall Street Breakfast: Must-Know News [view article]
A comment for Ms Lieberman:It is unfortunate that you move in such limited circles of Republicans. I would adjust your economic comment to say that, in general, Republicans represent the creators of wealth in the country, while Democrats are more interested in the social justice of how it is distributed - a worthy goal, but one must create the wealth in the first place. As a second general characteristic, Republicans believe that individuals can do a better job of creating opportunity and protecting individual liberty than the government can. Reply
Wall Street Breakfast: Must-Know News [view article]
It is not the lack of knowledge, it is deliberate manipulation of a free and honest debate. These tactics have often been used by socio-fascists to manipulate public at the times of challenging economic conditions. The refusal of corrupt politicos to deal with energy policies for decades provides them with another attempt to destroy the system they parasite off. The oil state monopolies and pseudo-Greens are "the speculators" everybody is looking for. They have different motivations, but the common goal - the destruction of free markets. ReplyWall Street Breakfast: Must-Know News [view article]
Considering the lack of knowledge of business, markets, and the economy displayed here, I am somewhat cheered by the fact that my competition in the stock market game is so weak. However, all these people vote, and have been electing congresscritters that seem determined to kill our golden goose and reduce us to third world status. More and more, international investing makes sense. ReplyWall Street Breakfast: Must-Know News [view article]
Michael Levy need to learn a) the difference between the cash price and the futures price, b) the spelling of the word "gouge", c) the unintended consequences of price controls, i.e. shortages, d) simple logic. ReplyWall Street Breakfast: Must-Know News [view article]
Why is it that governments did't monitor and regulate the wall street speculators and their "subprimes". Why is it that governments do not monthly tax to oblivion the commodities and again wall street speculators on their unrealized and realized profits? Money and politics? ReplyWall Street Breakfast: Must-Know News [view article]
Big business contributes 14 times as much to Democrats as it does to Republican politicians. Look at what Sen. Shumer and Dodd did to the attempt at closing a tax loop-hole which allowed hedge fund traders to avoid paying 50 billion in personal income taxes in 2007. The American people are so out of touch. We need to reign in corrupt politicians and greedy corporate executives before our democratic society is completely destroyed. ReplyWall Street Breakfast: Must-Know News [view article]
not a thing learned from enron.im not a communist or socialist but arealist.greed & lack of ethics have become the backbone of capitalism. ReplyWall Street Breakfast: Must-Know News [view article]
So Kelly - if Wall street and the republicans are so tightly interwoven - why did the senior wall streeters contribute so much to Hillary and Barrack?? Replyet
Wall Street Breakfast: Must-Know News [view article]
Idealism. Unreal and impractical- too bad, but true! ReplyLieberman
Wall Street Breakfast: Must-Know News [view article]
Yes, and tell that to the majority of Republican voters whose only answer when asked "WHY are you still a Republican?" gives the answer, "They are better for business."Ha!
It is the most absurd thing I have ever heard! Is $4-5 a gallon gas, the sub-prime mortgage mess, war in Iraq etc... etc... helping your financial statement? It isn't if you are the average midddle class American. If you are a Republican, in on the pillage and plunder of America, you have made your money or are having your final gasps of financial orgasm in the futures market...
I suppose once again the Democrats will have to roll in and do the heavy lifting to get the economy righted.... Reply
Wall Street Breakfast: Must-Know News [view article]
10 Reasons Why Oil Price Speculation Requires a Change in the Rule of Law by Michael LevyHigh oil prices that are governed by the commodity markets are in dire need of common sense law and order. When speculation and detrimental logic and reasoning take central command of human society, the results always turn out to be damaging to the majority, at the abundance of the few. The experts and speculators will argue we need free markets and any interference will take away free trade. Well, in many cases they are correct, however, when it comes to essential commodities of food and energy they are completely out of order. Here are a few reasons why essential commodity markets require new legislation.
1. There has been no shortage of gas at any filling station for the past 10 years yet prices are up 1200% because of futures trading going out more than eight years. Even the Saudi oil minister has recently stated the price of a barrel of oil should be no more than $70.00. Demand from China and India is still far less than that of the USA. The Chinese stock market is down 50% signifying a sharp slow down. This news still is not enough to stop the wild speculators hiking the oil prices.
2. When hurricanes hit Florida many gas stations are closed and there is a real shortage of gas for a few days. However, if a gas station increases its prices they will be prosecuted for price gauging. Therefore, if we take the experts argument that there is a shortage of oil then that still does not give anyone the right to profit from the shortage as this is deemed to be prices gauging. How can the USA governments have double standards and prosecute gas station owners who price gauge and not treat commodity markets in the same manner?
3. Oil is an essential commodity for every day living in the same way as water is an essential commodity. It makes no sense to trade water so why leave oil in the hands of anyone who wants to make a quick buck gambling on prices.
4. Pension and hedge fund managers have invested billions of dollars in oil futures. The futures markets are very volatile, thus, no place for pension funds to risk the money for people who trust them to build future wealth. The fiduciary duty of a pension fund manger is to find reasonable returns with low risk and the commodity markets is not that place.
5. If the price of oil was regulated between $40.00 - $80.00 a barrel, the price could go up and down on supply and demand. This would be fair to everyone, for even when supply was plentiful, the price would not drop below $40.00 which will still give a fair profit to most oil related industries. When oil is in short supply the price would be limited to a ceiling of $80.00 which is more acceptable to world economies.
6. There is a moral issue that greed cannot come before peoples basic needs ... No right-minded, ethical, principled government can allow starvation and financial ruin because of a system of trading that is completely out of control.
7. The price of a barrel of oil effects transport, food supply, industrial production and every part of modern day living. If terrorists wanted to devise a plan to destroy the world. economies what better way than finding a method to allow oil to trade at $140.00 a barrel. Why play a game that makes terrorists and anarchists happy.
8. Goodwill to all people is the credo every democratic country is built upon.$140.00 a barrel oil delivers no goodwill. It only brings hardship and political uneasiness.
9. Noble deeds and fair dealing is the hallmark of success for every truly prosperous person. Since the world is made-up from people, where are the noble deeds and fair dealing in the commodity pits.
10. We are all put on earth to help each other succeed in the pursuit of freedom, liberty and happiness. There is no freedom when people are slaves to greed. There are only liberty takers when oil trades over $80.00 a barrel. And finally financial hardship brings misery and discontent.
The time for change in essential commodity trading is now. To quote a few voices from the past...
“Experience demands that man is the only animal which devours his own kind, for I can apply no milder term to the general prey of the rich on the poor”_Thomas Jefferson
“For greed all nature is too little.”_Seneca
“It is greed to do all the talking but not to want to listen at all” _ Democritus
“He who is greedy is always in want.” _Horace
Reply
Wall Street Breakfast: Must-Know News [view article]
Speculation has no meaningful impact on the price at the pump. For every buyer of oil who is not willing to accept delivery of the physical commodity there is a seller who does not have oil to deliver. Speculation is a zero-sum betting game played around the underlying forces of supply and demand. But when a villain must be found for political purposes, speculators make an appealing target. Reply