bearfund

Following Misguided Cuts, The Fed Is Trapped

I do hope Congress puts the kibosh on all this oil speculation. Ideally they'd just close the futures markets for it entirely, as India did for some commodities. I don't personally expect this will have much if any effect on the price (to be honest I expect prices would rise if the action were truly rash), but it's fine with me either way. If it doesn't, the anti-speculator crowd will be made to look like fools. If it does, everyone wanting to protect themselves from inflation will go back to where they've always gone when things get out of hand, the one market that is almost impossible for any government anywhere to crush. Got gold?