[OwnerOfCalifornia]

[quote=mike92104]We should just broaden the scope to Politician.[/quote]

The correct term is Republocrat.

[OwnerOfCalifornia]

[quote=mike92104]We should just broaden the scope to Politician.[/quote]

The correct term is Republocrat.

[OwnerOfCalifornia]

[quote=mike92104]We should just broaden the scope to Politician.[/quote]

The correct term is Republocrat.

[OwnerOfCalifornia]

[quote=mike92104]We should just broaden the scope to Politician.[/quote]

The correct term is Republocrat.

[OwnerOfCalifornia]

Kunstler said it pretty well this week:

…Goldman Sachs has been caught at another racket in the stock market: front-running trades. What a clever gambit, done with the help of the markets themselves – the Nasdaq in particular – in which information on trades is held back a fraction of a second from public view, while the data is shoveled to the computers of privileged subscribers who can execute zillions of programmed micro-trades before the rest of the herd makes a move. This allows them to vacuum up hundreds of millions of dollars by doing absolutely nothing of value.

[OwnerOfCalifornia]

Kunstler said it pretty well this week:

…Goldman Sachs has been caught at another racket in the stock market: front-running trades. What a clever gambit, done with the help of the markets themselves – the Nasdaq in particular – in which information on trades is held back a fraction of a second from public view, while the data is shoveled to the computers of privileged subscribers who can execute zillions of programmed micro-trades before the rest of the herd makes a move. This allows them to vacuum up hundreds of millions of dollars by doing absolutely nothing of value.

[OwnerOfCalifornia]

Kunstler said it pretty well this week:

…Goldman Sachs has been caught at another racket in the stock market: front-running trades. What a clever gambit, done with the help of the markets themselves – the Nasdaq in particular – in which information on trades is held back a fraction of a second from public view, while the data is shoveled to the computers of privileged subscribers who can execute zillions of programmed micro-trades before the rest of the herd makes a move. This allows them to vacuum up hundreds of millions of dollars by doing absolutely nothing of value.

[OwnerOfCalifornia]

Kunstler said it pretty well this week:

…Goldman Sachs has been caught at another racket in the stock market: front-running trades. What a clever gambit, done with the help of the markets themselves – the Nasdaq in particular – in which information on trades is held back a fraction of a second from public view, while the data is shoveled to the computers of privileged subscribers who can execute zillions of programmed micro-trades before the rest of the herd makes a move. This allows them to vacuum up hundreds of millions of dollars by doing absolutely nothing of value.

[OwnerOfCalifornia]

Kunstler said it pretty well this week:

…Goldman Sachs has been caught at another racket in the stock market: front-running trades. What a clever gambit, done with the help of the markets themselves – the Nasdaq in particular – in which information on trades is held back a fraction of a second from public view, while the data is shoveled to the computers of privileged subscribers who can execute zillions of programmed micro-trades before the rest of the herd makes a move. This allows them to vacuum up hundreds of millions of dollars by doing absolutely nothing of value.

[OwnerOfCalifornia]

I’ve wondered this myself. We often see posts about specific properties here, for example “owner has a $100k HELOC opened in 2005” or “1st mortgage on that property was $350K”. Usually it is the realtors, so I suspect that information isn’t available to us regular folk.

[OwnerOfCalifornia]

I’ve wondered this myself. We often see posts about specific properties here, for example “owner has a $100k HELOC opened in 2005” or “1st mortgage on that property was $350K”. Usually it is the realtors, so I suspect that information isn’t available to us regular folk.

[OwnerOfCalifornia]

I’ve wondered this myself. We often see posts about specific properties here, for example “owner has a $100k HELOC opened in 2005” or “1st mortgage on that property was $350K”. Usually it is the realtors, so I suspect that information isn’t available to us regular folk.

[OwnerOfCalifornia]

I’ve wondered this myself. We often see posts about specific properties here, for example “owner has a $100k HELOC opened in 2005” or “1st mortgage on that property was $350K”. Usually it is the realtors, so I suspect that information isn’t available to us regular folk.

[OwnerOfCalifornia]

I’ve wondered this myself. We often see posts about specific properties here, for example “owner has a $100k HELOC opened in 2005” or “1st mortgage on that property was $350K”. Usually it is the realtors, so I suspect that information isn’t available to us regular folk.

[OwnerOfCalifornia]

[quote=stockstradr]Oil wasn’t and isn’t in a bubble.

Rich was and remains correct.

Oil has simply been hit with extreme demand destruction, deflationary pressures due to global economy recession / depression.[/quote]

Exactly. It’s not like oil went to $147, “crashed” to $80 (a number considered obscenely high just 18 months ago), and everyone lived happily ever after driving their SUV’s 50 miles to and from their overvalued McMansions.

Oil went too high and the global economy entered a state of severe malfunction. I’ve often taken issue with some of my fellow Peak Oilsters who believe that it is to the moon with the price of oil. The spot price of WTI is just a silly little (almost insignificant) number. At some price point, the economy breaks. Voluntarily or not, the citizens of the world accept an adjustment to their standard of living, oil recovers, rinse and repeat.

[Author]

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