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Wednesday Outlook: Commodities, Emerging Markets

I like this idea:

>>>Inspired by House Ways and Means Chairman Charles Rangel (D-NY) and Obama Administration Treasury Secretary Timothy Geithner, two high profile government tax cheats:

patriotroom.com/articl...


Texas Republican Congressman and former judge, John Carter, has introduced legislation that gives ordinary Americans the same special privileges accorded to Democrat Charlie Rangel and our newly minted Democrat Treasury Secretary Tim Geithner.

As long as you pay your back taxes, all fees and penalties will be waived.

All U.S. taxpayers would enjoy the same immunity from IRS penalties and interest as House Ways and Means Chairman Charles Rangel (D-NY) and Obama Administration Treasury Secretary Timothy Geithner, if a bill introduced today by Congressman John Carter (R-TX) becomes law.
Carter, a former longtime Texas judge, today introduced the Rangel Rule Act of 2009, HR 735, which would prohibit the Internal Revenue Service from charging penalties and interest on back taxes against U.S. citizens. Under the proposed law, any taxpayer who wrote “Rangel Rule” on their return when paying back taxes would be immune from penalties and interest.

“We must show the American people that Congress is following the same law, and the same legal process as we expect them to follow,” says Carter. “That has not been done in the ongoing case against Chairman Rangel, nor in the instance of our new Treasury Secretary Timothy Geithner. If we don’t hold our highest elected officials to the same standards as regular working folks, we owe it to our constituents to change those standards so everyone is abiding by the same law. Americans believe in blind justice, which shows no favoritism to the wealthy or powerful.”

Carter also said the tax law change will provide good economic stimulus benefits, as it would free many taxpayers from massive debts to the IRS, restoring those funds to the free market to help create jobs.

Democrats' hypocrisy has come back to bite them. Can Rangel oppose the bill? Can Geithner? When you cheat, you lose the moral high ground. There is nothing more antithetical to a Republic than to have one rule for politicians and a harsher one for the people.

And yet, unless this bill passes, that is exactly what we have.
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Friday Outlook: Commodities, Global Markets

This morning I have on watch SKF ($142) and UYG ($3.28). It is my understanding these should mirror each others movements and they do. However if you add these two numbers together you get about $145.

The week of October 19, 2008 SKF dove under $90 while UYG held about $10 ;the sum of which was about $100. During the SKF spike to $250 UYG didn't break $3 until much later.

My question is if the prices reflect the value of an index or portfolio long and short or double long double short why the gyrations in total value? What are the actually measuring?