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Re: Report Faults Wall Street for High Energy Prices

By: Down And Out Man in POPE | Recommend this post (0)
Tue, 13 Mar 12 5:26 PM | 49 view(s)
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Msg. 53388 of 65535
(This msg. is a reply to 53385 by clo)

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Yeah, I just count them in as part of "the Street."

I just think that if someone wants to speculate on the things that drive our economy (and standard of living), they ought to have to actually own the real thing, not just roll paper positions.

They won't let us play "the numbers". But that's what these traders are doing....they've never had a drop of the real thing.

Everybody agrees that super high energy prices cripple the economy. (How could it not in a world where the majority of folks live paycheck to paycheck, and with credit, with no additional discretionary income to channel to energy.) And yet we think Wall Street should be allowed to game the thing for their massive benefit?

Makes my blood boil.

D&O




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The above is a reply to the following message:
Re: Report Faults Wall Street for High Energy Prices
By: clo
in POPE
Tue, 13 Mar 12 5:17 PM
Msg. 53385 of 65535

Hi D&O,

I agree!

and you know what adds insult to injury, BANKS speculating on oil...
BANKS with nearly zero percent interest speculating & driving oil prices higher...

grrrrrrrrrr


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