Anyone think the US Fed will break the oil bubble in the June meeting?

[piezoe]

Quote from CStar:

You've got that right Gnome. I sold my house towards the top and now I'm just waiting for the bottom to buy again. Thanks Mr. Greenspan!

I knew there would be a bubble coming ut of the Fed cuts but I didn't think it would happen so fast. Now Bernakne has a chance to corret that mistake but will he take it? Unless he or Paulson do something to firm up the dollar soon, I think the US will take a a very bad 'pound'ing.

Pete

The Fed's hands a tied by the war and uncontrolled spending and consequent borrowing followed by the political necessity of monetizing the debt. You can only fix this problem by changing the direction of the country away from reactionary neocon thinking to a stable democracy with intelligent people at the very top (Obama, Clinton, McCain).

And PohPoh, what the hell are you thinking. Have you lost your mind?

 

[timbo]

Quote from EMRGLOBAL:

Will someone please post a damn OIL thread worth reading.....

Maybe you and gnome could wank out a thread together?

Edit: PERIOD.

 

[daddyeaux]

we're in it deep

benny-b52 has dumped 900 billion at the economy and there are 60 trillion of CDS and CMOs that cant catch a bid

oil is the least of his troubles.

 

[timbo]

Quote from daddyeaux:

we're in it deep

benny-b52 has dumped 900 billion at the economy and there are 60 trillion of CDS and CMOs that cant catch a bid

oil is the least of his troubles.

Bail out cost has been transfered to the domestic aggregate.