Oil
- Started
- Last post
- 67 Responses
- omgitsacamera
apparently just jumped 6+USD and the dow is down 140 points just because of it.
- hedge0
Stagflation.
- LOLmadirish
- I LOVE IT.omgitsacamera
- Why exactly is it funny?hedge
- hedge0
Wikipedia: "For example, central banks can cause inflation by permitting excessive growth of the money supply, and the government can cause stagnation by excessive regulation of goods markets and labor markets."
Wow. That pretty much describes the U.S. verbatim right now.
- as it does 80% of the world economy... not derived from US-spawned trade.madirish
- I'm glad an industry giant such as yourself relies on wikipedia for pat answers.TheBlueOne
- detritus0
'Wow'?
This was a novel tidbit to you, hedge?
Huh. And there's me thinking you were some kind of finance guru.
- It's not novel and I am a financial guru.hedge
- My point exactly?detritus
- huh. I think I need to lay off the drugs. I swear I read 'and I am NOT a financial guru'.
*sighs, leaves*detritus - You weren't being facetious/sarcastic?hedge
- Originally, yes. But I fucked up my pithy response and now I've gone back to not caring.detritus
- Doesn't change the fact that I'm rich.
Now does it?hedge - So..?detritus
- Am I the only one who see the monocaled monopoly guy when I read a Hedge post?marychain
- no. he's most likely a hobo in an internet cafe.spifflink
- hedge0
une 6 (Bloomberg) -- Crude oil rose 4 percent as the dollar weakened after U.S. unemployment grew and Morgan Stanley said Asian demand may send prices to $150 within a month.
Oil may ``spike'' because ``Asia is taking an unprecedented share'' of Middle East exports, wrote analyst Ole Slorer. Workers at Chevron Corp. in Nigeria may strike, a union official said. The dollar weakened against the euro as a rising U.S. unemployment rate signaled the Federal Reserve may be reluctant to raise interest rates.
Rising unemployment ``is going to lead to a drop in the dollar and higher commodity prices,'' said Phil Flynn, a commodities trader for Chicago-based Alaron Trading. The Fed will be ``less aggressive in raising interest rates.''
- TheBlueOne0
@ hedge:
"...the government can cause stagnation by excessive regulation of goods markets and labor markets."
"Wow. That pretty much describes the U.S. verbatim right now."
So you're implying that the Bush administration has been excessively regulating goods and labor markets?
Oh that's rich. Please explain.
- nearestexit0
Slow economic growth could also be explained by the fact banks are somewhat reluctant to lend money right now despite the fact the fed is making money more available.
- hedge0
You falsely associate Bush and his position as commander in chief with the all decisions made in the federal government. He is not the damned emperor.
- commander in chief is only to the servicemen, dickweed.mrdobolina
- and you mistakenly infer that Obama will be more powerful an influence over the economy.TheBlueOne
- ..by your logic.TheBlueOne
- so all of the deregulation and tax cuts did nothing then, using that same logic.mrdobolina
- Ok, you two have a sub par understanding of logic. I'm done.hedge
- You have an excellent grasp of false rhetorical argumentation.TheBlueOne
- or you are just a windbag, either way really.mrdobolina
- i vote windbag. i'm afraid history's on our side.spifflink
- Trickle down economics at its finest.organic_grid
- nearestexit0
No, he just thinks he's the emperor.
- nearestexit0
But I do find it funny that President's general take credit or get blamed for the economy when in fact, they can only influence it so much.
- nearestexit0
Anyway, let's start the guessing game. Will gasoline get up to $6 a gallon in the U.S.?
- TheBlueOne0
And besides, nice way to avoid the question hedge.
You sir made the point that stagflation is caused by over-regulation of the market. I asked if you thought the Bush administration were guilty of such a thing. And you....
ducked like the troll that you are...
Well done.
- robotron3k0
all this says is that we need to get these damn Baby Boomers out of office quick, their messing up the joint.
- And new put generation Y socialists in charge!hedge
- Rock on. Then I can go to MTV to get all my meaningful news.nearestexit
- why not socialism, we've tried everything else...robotron3k
- i don't see why 'socialist' is such a dirty word. social democracy in europe is the closest the world has ever seen to true socialist ideas.spifflink
- socialist ideas. they also have high social indicators and are doing pretty well. granted its a different situation.spifflink
- TheBlueOne0
Don't you have to go find a picture of a yacht or something?
- hedge0
Come 2009, if Obama wins, I'll be waiting to tell you I told you so.
If McCain wins, then we might have a chance yet.
- a chance at what? i don't think i can handle a bush clone for 4 more years.nearestexit
- nor can our economy.nearestexit
- A chance at economic and social prosperity.hedge
- i don't either candidates will get you that.nearestexit
- and if mcCain continues spending on the war like bush, then he's not your man.nearestexit
- hooray corporate socialism, and social darwinism. double standard much?spifflink
- "100, or 1000 more years in Iraq" - John McCainorganic_grid
- TheBlueOne0
Hedge: ""...the government can cause stagnation by excessive regulation of goods markets and labor markets."
"Wow. That pretty much describes the U.S. verbatim right now."So, is the Bush administration over regulating the market? Is that your point?
" You falsely associate Bush and his position as commander in chief with the all decisions made in the federal government. He is not the damned emperor. "
So then the government has no influence on the market then?
"...confidence will spike when the new guy comes to office. The 64 million dollar question is whether or not it will maintain the trend...All I've heard from Obama indicate to me that he is the most anti-business presidential candidate I have seen in quite some time."
Ah, so the president CAN maintain the economic engine then, from your own word.
"you have a sub par understanding of logic."
I see.
Asshat.
- •TheBlueOne takes off one white glove and slaps Hedge in the face...robotron3k
- TheBlueOne0
Go find a picture of a yacht to post. I expect a nice one to refute my logic.
- mrdobolina0
hedge arent you tired of having your hat knocked off everyday?
- hedge0
Way to take my words out of context!
"So then the government has no influence on the market then?"
Again, Bush is not the government as an entire entity. Stop swapping the two.- 7 years of republican rule in the senate and house also.mrdobolina
- and the dollar is worthless, what do you attribute this to? liberals?mrdobolina
- The Federal Reserve and U.S. Treasury Dept.hedge
- bernanke, a bush appointee paulson, another.mrdobolina
- Sorry, I meant Greenspan's tenure.hedge
- Then you should understand that Greenspan manufactured this mess at Bush's behest.Mimio
- nearestexit0
all i know is: i'm glad i bike to work. but it's amazing how much our economy is based on the use of oil. not just in producing gasoline, but for heating, the manufacture of plastics, and more.
- transportation of goods is the biggest thing.mrdobolina
- And how many of those goods are things we really need?nearestexit
- that is a philosophical argument.mrdobolina
- Raniator0
Muthafuckapetrolpisstakepricks.
*shakes fist at Gordon Brown.