Georgie and Jimmy
John Budge
Posts: 259
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You've got to fucking love it. GOP golden boy W. Bush and his half-dead Veep are presiding over an era similar to the Carter years.
The man considered by most mouth-breathing cons to be the worst president since Hoover is no worse than their wonderboy. LOL.
"This is starting to feel like Jimmy Carter and the 1970s all over again," he added, describing a time when inflation was high due in large part to soaring energy prices.
You've got to fucking love it. GOP golden boy W. Bush and his half-dead Veep are presiding over an era similar to the Carter years.
The man considered by most mouth-breathing cons to be the worst president since Hoover is no worse than their wonderboy. LOL.
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Oil prices soar, and it's a disaster.
Oil prices drop, and it's a disaster.
What am I missing here?
for the least they could possibly do
When did the oil prices "drop"?
If I opened it now would you not understand?
I was REALLY hoping that this wasn't what he was refering to.
Oil fell $8 today, because banks are so fucking desperate for ANY profit, that they simply "agreed" (do no know if there was any real collusion) to take profits today.
Suffice to say, it has NOTHING to do with any sort of executive policy.
If I opened it now would you not understand?
I was just referring to the headline on the piece he posted. I'm not arguing it's some life-saving price-drop ... just that the article seemed to assert that the price going down, at any rate, was some sort of disaster.
I wasn't trying to be a smart ass. I was seriously trying to understand why it was a bad thing.
for the least they could possibly do
Gotcha.
I didn't read that article.
Just did.
I don't see where it is saying it is a "bad thing" though.
It appears the headline and opening paragraph are just worded a bit poorly ... or rather ... worded to get attention, and not explain anything substantive.
The article is simply trying to imply that oil withdrew from its highs based on concerns over demand -- ie. the high price would cause demand to fall.
So much for the "inelastic demand" argument, i guess.
If I opened it now would you not understand?
But prices going down, even a little bit, even in the short-term, are better than prices going up, correct?
for the least they could possibly do
yeah sure.
I just am not seeing where that point was ever in contention.
?
Have no fear, tomorrow oil will probably find its way right back up to the 145 range, unless it is just deciding to take a temporary breather.
Honestly though, with all this talk of bailouts on multiple levels, of FDIC funds being used, and the possibility that we will need more than is already allocated there ...
... that is a pretty massive inflationary signal, which woud (and SHOULD) drive oil even higher.
Also, the Fed Funds Futures index now indicates only like a 3% chance of a rate HIKE next FOMC go round.
The Fed HAD been hoping to get away with raising rates to try and shore up the dollar, which is bleeding out.
But now the street has gone ahead and told the Fed, "Nah, fuck that, Benny. We need that cheap money still."
So, add one more inflationary measure to the pile.
:(
If I opened it now would you not understand?
I was referring to the economic mess in which we find ourselves due, in part, to Georgie and Dick's FAILED foreign policy and that one economist has compared our situation to the late '70's. Let me know if you need more help.
Yes ... I read that. Kudos on you. My question (again) was: This article is apparently about our "economic mess" -- yet the headline is about falling crude prices, which I thought were a good thing. What gives?
I was wondering what one had to do with the other. If you don't want to explain it, that's fine. But you can stop treating me like I'm an idiot any time now. That would be nice.
for the least they could possibly do
They don't.
Thats what had me perplexed too.
The headline and intro paragraph seem to serve zero purpose within the context of the article.
I think what it was TRYING to accomplish was set up the fact that we have just been at record oil prices.
But including that as the headline seemed anathema to the general premise outlined below.
If I opened it now would you not understand?
Thank you. That's what I was trying to determine. Glad to know I'm not crazy.
for the least they could possibly do