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I'm hardly an expert on oil. Just posted the link. My state (NJ) has lots of gasbags, but not a lot of gas.

http://www.ft.com/intl/cms/s/0/8c2bcdf2-2c9f-11e2-9211-00144feabdc0.html#axzz2CG83ICFK

Not even Thanksgiving yet. Sheesh.

...and Akins and Mourdock did what they did to themselves. How does a Republican lose Indiana??? By being nuts.

Not in a recession; just crawling sideways for now. Could go either way soon, depending on if the eurozone or China really cracks. Fiscal cliff? Forget it, not falling off that.

Dems won 26 out of 34 races in the Senate. Half the Dem seats were up, more or less, and they not only managed to hold that, but gained a net 2 in the process. Unheard of would not be an inaccurate description of this result. No one expected it going into the campaign on Labor Day. The...

I said what I think the solution is: treat it like a public utility. We'll do what Churchill said we do though: try everything else first. It's the only way to wear down the opposition. It'll take a few years.

That's the normal model when inelastic demand meets private ownership, followed for electricity, water, nat gas. Health care has a huge built-in lobby that's against this, including corporate employees with good plans that are taxpayer-subsidized and who make up a big fat juicy voting bloc that...

Obviously demand for health care services is as close to inelastic as you can get when things are really a matter of life or death, and less so as you move down the scale of seriousness. The new law figures an ounce of prevention is worth a pound of cure, and so encourages the ounce of...

Well, you know, you could go long one as long as it's in contango and then long the other when it goes into backwardation. EG, right now long XIV, then if it flips to backwardation long VXX, if we're talking about the VIX. Same thing with nat gas and UNG and GASZ. Just note re XIV: there's a...

To quote: Source: http://www.fjc.gov/federal/courts.nsf/autoframe!openform&nav=menu1&page=/federal/courts.nsf/page/252

No, not true, payroll is a debt like anything else, and the workers are treated as creditors. I think legally they're way down the list of folks who get paid, not sure about that part. Regardless, the union is representing the folks to whom that debt is owed. As for Hostess's threat, eh...

If it's still operating it's under Chapter 11. The union as a creditor in the process can take whatever action it chooses in the negotiations over who gets paid what and how much, including a strike. Business negotiations over payment are very frequently a contact sport. Real life, you know.

What Sundog said. Obviously you'd have to dig into the ways the fund is buying and selling the futures. Using the funds as opposed to executing the strategy on the futures might save on commish as you'd be doing a package of futures all at once, and maybe the fund mgrs can get a better price on...

From my perspective the idea is that these futures related funds, like VXX or UNG, have that well-known issue of roll-forward cost. XIV and GASZ take the reverse position in the futures, and both have a positive price history as opposed to the negative ones in VXX and UNG. So the OP is...

Inelastic demand. That sums it up. No need to make it complicated. Right wing ideologues - like Denninger - try to live in a world where this doesn't exist.

UNG + GASZ might work.

The Republicans now have the Southern white base the Dems had before LBJ, who knew he was going to cost the Dem party for a generation when he pushed for civil and voting rights for blacks. That is their outlook. White Christian academies in the South came into being as a way of avoiding...

Women. Also, Hispanics. Asians, even. There's more women, period, than there are men. Hispanics went 2 to 1 for Obama, but get this: so did Asians. That's pretty pathetic. He could run all the GOTV efforts he wanted, from Boston or any place else. Wouldn't matter. The thing is this: it's...

1. Denninger's certifiable. 2. I automatically put any poster who's nick ends in 88 on ignore. In this case you got a double: a Denninger 88 fan. And you mostly agree? I get more & more disappointed with this place every day.