sammyg123

Greenspan's Latest: Oil Boom Will Likely 'Go on Forever'

I think the main point is to understand the positive and negative ramifications of fed policies, and use them to your advantage. The ethics of the issue, as to whether it is right or wrong to raise or lower interest rates at a given time, who will benefit and how.....well, I am afraid that our access to that type of information is limited. Supposedly, everybody looks at the same data, but it is the analysis of the data and one's actions that are the to trading profits and right economic behavior. Whatever anybody may think of Alan Greenspan, he was at the Fed's helm for a very long time, and there have been worse Fed chiefs. He is one of the world's most talented economic forecasters - it's how he got the job as Fed chief in the first place. If he says that the oil boom will go on forever, you can go right ahead and cut down his choice of words and their meanings, or you can understand the idea that he is trying to get across and why he said it. I am not a defender of the man, I don't know him, and he doesn't feed my family. I am very sure that he isn't the biggest fan of the Saudis, though, and I am sure that it's not something he said to make friends. Perhaps he just wanted to spur them to increasing output by making them feel confident in the current and future price of oil? Now, what does increased supply do the price of oil?

6 Reasons the Market Should Bounce Here

I can't believe your article actually made it to the front page of seekingalpha. You realize that stock markets around the world are selling off, and that Dow futures are down 514 as I write this, don't you? You are talking bounce here and the market is crashing. Yipes.