Wall Street mostly declines as oil prices rebound »
Posted By STONERS 5 months, 3 weeks ago in Business & FinanceWall Street mostly declined Tuesday as oil prices ratcheted higher and as speculation grew that the Federal Reserve might raise interest rates to fight inflation.
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STONERS5 months, 3 weeks ago
"Financials advanced but other sectors retreated as investors found little to assuage recent concerns that the rise in energy prices would stymie consumer spending and overall economic growth. But investors are mindful that there are other potential risks to the economy if the Fed is forced to raise rates. Making it more expensive to borrow money could jeopardize a rebound in the economy."
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Teech5 months, 3 weeks ago
Good ol' Dumbya. Every decision he makes just gets more disastrous than the one before. He's at the bottom of the hole and his solution is to keep digging! When bankrupt, keep borrowing and insist that tax cuts for the extreme rich are gonna trickle down. When faced with truth and facts, keep lying. When you see a buffoon and a clown in the mirror, pretend you see a statesman.
If ever a textbook is written, "How To Bankrupt A Nation Economically, Spiritually, and Financially" the author only needs to chronicle the entire debacle of the Bush misadministration. The nadir of our national disgrace. It is painful for TRUE patriots (those with the courage to question and disagree with Bush/Cheney et al) to witness what we have seen this man do to our most beloved country. We've never had to survive a worse president, but we will survive this total waste.
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walden35 months, 3 weeks ago
Oil bubble? You don't think the economics and politics of oil are going to get sharper in the years ahead? Any bubble pop will be short and limited. I even doubt whether it will have any impact on the retail price of gas due to the stickiness of pricing.
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joeblowe5 months, 3 weeks ago
In order for the oil bubble to pop, Congress would have to adopt a sensible energy policy: Drill in Anwr, Drill in the Gulf, Drill on the continental shelf, extract oil from the shale in Colorado, liquify the trillions of BTU stored in coal in Illinois, start building nuclear generators, put up more wind generators, etc. If the commodities traders that keep running the price up were to suddenly realize that their oil holdings were soon going to be worth a lot less, the price would drop IMMEDIATELY as panic selling set in.
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Dionys5 months, 3 weeks ago
All red herrings. Drilling in Anwr would provide less than 5% of the US's oil, having little if any impact on oil prices. Extracting oil from shale? Can you say EXPENSIVE!
Invest in alternative energies with a vengence. You'll have the oil companies begging you to take their oil eventually.
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joeblowe5 months, 3 weeks ago
The actual oil in ANWR may - or may NOT have a REAL effect on oil prices. What it probably WOULD do is have an effect on the commodity traders PERCEPTION of what will happen to oil prices. Sometimes I don't think those guys are very bright. That's just a PIECE of the needed policy. As for oil shale - you should keep up with the news a little better. A rather large percentage of our CURRENT oil imports are from Canada - and they are extracted from .... yep, oil shale.
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walden35 months, 3 weeks ago
Because our economy is a Ponzi scheme or like MLM. They want us to borrowing money and keep buying and spending with borrowed money, like the government. As long as everyone is able to borrow and spend the scheme is self-perpetuating. Once we (the govt or the people) stop borrowing and spending the whole thing crashes like a house of cards.
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Timelessss5 months, 3 weeks ago
I think it's too soon to rise the interest. People and economy are still suffering from house prices fall.
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joeblowe5 months, 3 weeks ago
Yes, that's right FOOL - raise interest rates on top of skyrocketing gas prices and drive a few millions MORE into bankruptcy and/or foreclosure. Yeah man, that'll help a lot. IDIOT! I'll bet this guy thinks when a fire truck shows up, that they are pumping GASOLINE on the fire to help put it out.
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