Pythium

60 Minutes on Oil: Did Anyone Verify Anything?

I'd have to say that it is shoddy work on your behalf. The research that 60 minutes did may not have put all the numbers out there, but it did have several sentences that you have not been able to dispute. For example, the price run up took about a year yet it seems that demand stayed the same. Statically speaking, if you look over the numbers, the deviation doesn't seem that great. It seems that demand was slowly constant as the price skyrocketed. Which shows that the public is just a hostage to be corporations that are playing with prices. Meaning, people have to fill up to get to work, school, etc., but when the prices get too hard to bare, we break. It is what is occurring now. The traders broke the American citizen.

Also, your conclusion is just dreadful. Comparing investor abuse to rigging an election then become a moral judge of which is better?? I'm speechless.

How'd We Get Into This Mess?

Great article. I have to agree that greed is the answer. Like John stated, it links back to government, but this includes local and state governments. The entities could have stopped the massive amounts of construction, but they saw a huge increase in taxes. So, the local/state governments want the cash. Now, it seems everyone is forgetting that the 50 states and local governments are going to be paying the biggest price. Their revenues aren't going to be going up anytime soon, but their expenses are jumping through the roof with a larger population....

3 Things America Needs to Do to Get the Economy Back on Track

@humblemaster

I agree humble, that is the underlying problem. Also, salaries haven't increased, so it takes more of the paycheck to make a housing payment. In the 70's my dad paid 25% of his salary to housing, but now it would take me 60-70% of my salary (I have a graduate degree).

Also, if everyone has a home (or bought in times of great prices/interest rates), where will the demand be to the glut of supply?

Barney Frank's Money Quote

Your comments fall on deaf ears. Congressmen and Senators make the decisions, not us. They receive money from big business, so they can ignore the middle class people. Of course they need votes, but who else are you going to vote in, the other guy who is just as bad?

This is just another example that the US isn't a capitalist country. Look at Amtrak train system. Overall, new enterprise is easily defeated in the US.
Barney frank is the worst example of a representative I have ever seen.

I say why vote?

Has Jim Cramer Crossed the Line with Sirius XM?

I was a Crammerhead, but soon realized that he doesn't have a clue. No matter the market, he has to come out and make 3-4 picks. So a global slow down will really screw him.

I quit watching him and CNBC

Has Jim Cramer Crossed the Line with Sirius XM?

I was a Crammerhead, but soon realized that he doesn't have a clue. No matter the market, he has to come out and make 3-4 picks. So a global slow down will really screw him.

I quit watching him and CNBC

Potash One Will Be Top Performer in Agriculture Bull Market

This is a very interesting article. I like some of your points on an overlooked stock, but i think it sounds more like propaganda then an analysis.

Agriculture production can be broken down into two crops and two areas.
1. Corn vs. Soybeans
2. US vs. World

1. Corn relies mostly on nitrogen needing 150-300 lbs per acre (in this poor soil area). Soybeans can make some nitrogen, so they are more dependant on potash. Most people don't realize that the soil can actually bank potash while most nitrogen leaches through the soil. The yields for soybeans range from 35-70 bushels per acre. It you take into account the commodity prices, growers can make a good profit. However, if you start to deduct fertilizer, gas, chemicals, equipment, and land rent, the profit can be chewed up. If the grower is pinched with nitrogen costs he can switch from corn to soybeans. If the grower thinks that potash costs too much, he can skip a year or two. Yes his yields won't be great, but he will still yield without spending 1000 per ton. Overall, in the US, it's the commodity prices that will dictate fertilizer prices and not the demand from the grower. Honestly, would you grow a crop when the overall profit could be negative? He can always find a different crop or just let the fields rest.

2. I suspect that in the US the only reason most growers are able to afford the fertilizer prices is that the commodity prices are up. HOWEVER, I have heard of growers wanting to sell beans but the seller though the price was too high and did not want to take the risk of a downturn.
I think that the only long term reason that the fertilizer prices might stay at this high level is directly due to the increase in production in places like china and brazil. Brazilian growers can clear rain forest and grow on great soil for 3-5 years before it completely turns to barren ground. Their inputs for chemicals, seed, and fuel are greatly lower then US growers. So, they can cheaply clear ground and pump in the fertilizer for a nice profit. Their demand may keep prices up, but like the US, they have a breaking point with the commodity price.

Looming Financial Catastrophe: A Real Inconvenient Truth

Dumbasses! Obama will fix this. Yeah right! The whole idea of the article is the the political system is screwed. Big Business has dominated the legislation for too long while we sit in our cradles sucking of our televisions.

My question is the future. Will the lower class continue to degrade until they can't stand it anymore and riot in the streets? Almost happened in France, why not here?

I really suspect the irate lower and middle class will overthrown this broken system.