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  • Is the Commodities Bubble Popping?- Fast Money Recap (4/29/08) [View article]
    I agree with you zoom that this sucks, but nothing has fundamentally changed to break the party in commodities.

    We now have cheaper money (thanks Ben for unnecessarily lowering the interest rate), a really shitty regulatory system (the CFTC is an absolute joke). And to boot President "there's no oil speculation, it's all based on supply and demand. Price rises have nothing to do with the 400 billion that has been pumped into these markets" Bush and Hank "I want a strong dollar, but not really" Paulson are still in power. Even OPEC sees that it's a sham and is fundamentally justified in their approach.

    This game is welfare for Wall Street and we all get to pay for it. The worst part: There's nothing we can do until Bush is out of office and the CFTC starts doing it's job again. Sorry man
    Apr 30 22:26 pm |Rating: 0 0 |Link to Comment
  • Is the Commodities Bubble Popping?- Fast Money Recap (4/29/08) [View article]
    It's not popping yet...Helicopter Ben keeps cutting rates.

    We're going to see $150-200 before 90 again. Nothing systemic has changed in this market. But it will crash.
    Apr 30 17:15 pm |Rating: 0 0 |Link to Comment
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