Investor612

The Economics of Political Spin

I don't go to seekinglapha to see DNC talking points regurgitated.

The "at least it's a change" has to rate as the most vacuous argument yet.

Equally lame is the attempt to sew McCain to Bush's hip. Wrong as he is on some things, fiscal restraint is one of the things McCain has been stellar about. remember, he voted against the 2001 tax cuts because there weren't spending cuts to compensate for them.

Last one wonders how anyone shilling for Obama can call for investing in energy companies. Your guy openly called for confiscating oil company profits to fund a giveaway to everyone, including those who don't pay taxes. How are companies who are going to have their profits confiscated good investments?

Barron's Banks on $100 Oil

A quote from the Barrons' article:

"In the next decade, oil indeed may hit $200 a barrel. But prices could fall to $100 a barrel by the end of this year if Saudi Arabia makes good on its pledge to increase production; global demand eases; the Federal Reserve begins lifting short-term interest rates; the dollar rallies, and investors stop pouring money into the oil market. China raised prices on retail gasoline and diesel fuel by 18% Thursday, in a move that is expected to curb demand."

Hmmm.

IF Saudi Arabia increases production.
IF global demand eases
IF the FED raises rates
IF the dollar rallies
IF investor bullishness on oil cools

That's a lot of "IF's" to making predictions on.