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  • Wall Street Breakfast: Must-Know News [View article]
    A lot of people get mixed up between the cost to produce oil versus the cost to maintain a goverment's fiscal policy. Kuwait needs crude to stay at $45/bbl to maintain their level of government spending; they need it to rise to over $55/bbl so that all of their investments in Dubai don't default. Kuwait has a lot of projects on the drawing board; at $40/bbl, most will get shelved.
    Dec 29 11:35 am |Rating: +4 0 |Link to Comment
  • The Hedge Fund Business Is Finished and Bernie Madoff Is Sealing the Deal [View article]
    Sell all hedge funds? Get real, all that it would take is one meeting with Madoff's accountant to realize that there was something fishy going on. Everyone trusted Bernie and they decided not to check the fund statements versus bank records, it's that simple.
    Dec 14 17:31 pm |Rating: +1 0 |Link to Comment
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