Stimulus Package
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I had predicted that the price of oil will eventually level of at the $80 mark. This I felt is what the producers would ultimately seek. Today Saudi Arabia the largest producer of oil has cut it’s production of it’s own accord. Their target is to increase the price of crude to a $70-75 level. [...]
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This is an article that we need to read. http://www.thenewamerican.com/economy/sectors-mainmenu-46/520–federal-reserve-loaned-nearly-2-trillion
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Like most of the world I stayed up and watched the election. This was a revolution in the process. I was very excited by the change. I went out into the city to find a group to celebrate this historic moment. I didn’t find a wild and crazy party around my area so I was [...]
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It seems the $700 billion bailout is being used by the companies to bail themselves out. It hasn’t thus far cured the liquidity issues in the credit world. http://www.reuters.com/article/forexNews/ idUSTRE49G5Z620081017?pageNumber=2&virtualBrandChannel=0 So what happens now? It is really very simple logic to me. If prices are being supported and are maintained artificially higher then their true [...]
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