What's the point of temporarily closing up the market for oil? Selling oil at 80 is better than selling oil at 50, that's all there is to it. They will run out of oil in the same time but in one case will earn $30 more, if competition doesn't eat your margins then you just go for the highest...
I don't think what Hunter did was that bad, like some people are saying here, he played with other people's money and got 75-100 millions on a good year and got booted on a bad year. Seems like a good plan to me.
Were you even earning minimum wage selling that crack? I can't help you, except putting your episode behind you and acknowledging it was nothing/stupid and see if you can get it forgotten.
Don't take anything as the final word on the subject, don't sit there at the seminar thinking god is talking to you, wisen up and all that. Hard work, I don't know, I'm begining myself!
You say that as the dollar is depreciating there is asset inflation, what assets are you talking about? And I don't understand how the assets's value would inflate, wouldn't their real value go down?
They have prison stocks now?:eek:
How about border patrol stocks? They're getting their asses whooped by the Mexicans though, they need to be more competitive.
Look what happened for the last 20 years, not that we have any other reference period, bull market after bull market. The problem this time are high energy&ressource costs, if they persist, it'll take more than interest rates.
When I have the free time I'm going to read this thread for a hope that I see some crash and burn stories in real time. Don't listen to 4 fast talking traders on CNBC, O RLY?
They seem more like brokers most of the time.
Mahras hit it on the head, what seems to be more important for the markets is not inflation, but whether that inflation will result in interest rate changes.
Also goes to show how the central banks are long term while the markets short term.
Wow that's a bit what I thought might happen, all the extra exotic mortgages and inflated housing bubble would cause a bigger crash than in the past. What I was looking for were companies going bankrupt since mortgages are also more public than ever but he talked about consumer spending instead...