unimpressedpragmatist

Is the 'Commodity Super Cycle' Dead or Alive?

God deliver us from chartists! They bring truth to the adage "that figures don't lie but liars sure can figure". Speculation is the heart and soul of the markets. Super speculators have always been active and will always be active. I suggest the chartists pack up their drawing tools and get a real job. We have all the bullcrap we need coming out of Washington and the various state capitals.

Support for Crude at $111?

While you are busily constructing your charts, reality is marching on. As noted by sharksm in the comments, charting is useless in energy markets. They move too, quickly, to be plotted in the real time framework in which they exist.

Incidentally, did you notice that oil went over $121, today? Speculators have played out their shorts strategy, taken more egregious profits, and are, now, driving up prices, again. Meanwhile the stupid Democrats in the Congress, led by the dimwit from San Francisco are taking their full 5 week vacations as if nothing is wrong, anywhere, in the world.

If the electorate re-elects these yo-yos in November, they get, exactly, what they deserve. The Repubs are not much better but, at least, they recognize that Drill Here, Drill Now is the only viable solution to the energy crisis.

Historic Financial Collapse Underway?

The economy will experience a miraculous recovery when the price of oil falls to reasonable levels. Then, all the pundits, analysts, and politicians will proclaim how they solved the problem. Over time, even more nonsense will emerge from these and other sources of, in their opinion is, profound wisdom.

The market place that encourages egregious greed is now, and always will be, the source of economic unrest and destabilization. Until we ascertain how to control this without damaging capitalism, we will, always, be in danger of the debilitating effects of outrageous avarice.

All other opinions are just an excuse to make a living from, apparent, wisdom and insight. Simplicity resulting in real insight will never be in vogue. Otherwise, all those who blather about things they obfuscate with excessive verbiage would have to get real jobs.

The market place that encourages egregious greed is now, and always will be, the source of economic unrest and destabilazation. Until we ascertain how to control this without damaging capitalism, we will, alwasy, be in danger to the debiliating effects of outrageous greed.

All other opinions are just an excuse to make a living from, apparrent, wisdom and insight. Simpiicity resulting in real insight will never be in vogue.