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Hoarding is exactly what the government is doing right now by filling the SPR, and frankly it's the best thing that could happen. It drives prices up. High prices encourage demand destruction. They also finance new well development. The hoarded oil gives us a buffer to fall back on once shortages become more prevalent. High prices are what we need in order to adapt to what's coming, and the sooner they happen, the better.

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Author Message
  Topic: The Economist: America may default on it's debt
MrBill

Replies: 80
Views: 3423

PostForum: Economics & Finance   Posted: Thu Jul 24, 2008 3:12 am   Subject: Re: The Economist: America may default on it's debt
I fear I grasp the concepts far better than you do. Nothing that you wrote disproves anything I have written. Food, fuel and fertilizer prices are all inter-related, and therefore are all subject to ...
  Topic: TOLD YOU SO fuel from food
MrBill

Replies: 54
Views: 2417

PostForum: Economics & Finance   Posted: Thu Jul 24, 2008 2:37 am   Subject: Re: TOLD YOU SO fuel from food
Bruce I agree 100% with your reservations about large scale adoption of cellulosic production on marginal land and the potential problems that may cause. As pstarr points out it is the scale needed. ...
  Topic: Zimbabwe introduces 100-billion-dollar note
MrBill

Replies: 22
Views: 783

PostForum: Economics & Finance   Posted: Thu Jul 24, 2008 2:17 am   Subject: Re: Zimbabwe introduces 100-billion-dollar note
In order to switch from one kind of money to another you first need an alternative. The US dollar or euro could serve that purpose. But in Zimbabwe those are not legal tender. Until inflation is st ...
  Topic: Grilling by senator Jim Bunning
MrBill

Replies: 9
Views: 607

PostForum: Economics & Finance   Posted: Thu Jul 24, 2008 2:12 am   Subject: Re: Grilling by senator Jim Bunning
It took a Great Depression and two World Wars before we learned some fundamental lessons. Now we have been unlearning those lessons and may need to be taught them once again. The lesson may be more ...
  Topic: US food groups plan hefty price rises
MrBill

Replies: 48
Views: 1616

PostForum: Economics & Finance   Posted: Thu Jul 24, 2008 1:38 am   Subject: Re: US food groups plan hefty price rises
Byron is a little confused. He is talking about die-off, but in the same breath concluding that not only will mothers be breast feeding in 100 years from now, but that society will still exist in suc ...
  Topic: Trader's Corner 2008
MrBill

Replies: 546
Views: 37524

PostForum: Economics & Finance   Posted: Thu Jul 24, 2008 1:13 am   Subject: Re: Trader's Corner 2008
Once again I will post links to the following charts as the images are too big and they distort the screen. Click on Full Size for best results. Thanks.



EUR/JPY looks toppish at 170. I c ...
  Topic: Trader's Corner 2008
MrBill

Replies: 546
Views: 37524

PostForum: Economics & Finance   Posted: Wed Jul 23, 2008 8:01 am   Subject: Re: Trader's Corner 2008
One day not so long ago I was reading Bloomberg magazine and there was an article on some of the most successful hedge fund managers. Some real pioneers before many of these me-too funds came along r ...
  Topic: Global Economy Max. Danger Warning . . .
MrBill

Replies: 51
Views: 1843

PostForum: Economics & Finance   Posted: Wed Jul 23, 2008 7:43 am   Subject: Re: Global Economy Max. Danger Warning . . .
No, I do not believe realistically that western Europe has any designs on Russian territory. Not in my lifetime. But events may change.

However, on that note, although the ownership of a partic ...
  Topic: Global Economy Max. Danger Warning . . .
MrBill

Replies: 51
Views: 1843

PostForum: Economics & Finance   Posted: Wed Jul 23, 2008 3:40 am   Subject: Re: Global Economy Max. Danger Warning . . .

Yes, but traditionally China hasn't "conquered" other places,
Except for Tibet.

I have said for years that I expect China to eventually annex N. Korea and Myanmar under the guise of humanitari ...
  Topic: Trader's Corner 2008
MrBill

Replies: 546
Views: 37524

PostForum: Economics & Finance   Posted: Wed Jul 23, 2008 3:06 am   Subject: Re: Trader's Corner 2008
The S&P500 is putting in a nice technical reversal at 1200 this week. Should we close above 1270 this week it would be a positive signal for a rebound. The bottom? As I said before, I do not th ...
  Topic: The Economist: America may default on it's debt
MrBill

Replies: 80
Views: 3423

PostForum: Economics & Finance   Posted: Wed Jul 23, 2008 2:31 am   Subject: Re: The Economist: America may default on it's debt
Cube, your example is not besides the point, but it misses the point that wealth transfers from oil consuming nations to oil producing nations are still a wealth transfer.

What you're talking abo ...
  Topic: THE Freddie Mac & Fannie Mae Thread (merged)
MrBill

Replies: 136
Views: 3516

PostForum: Economics & Finance   Posted: Wed Jul 23, 2008 2:16 am   Subject: Re: THE Freddie Mac & Fannie Mae Thread (merged)
cube wrote:
When I say my "vision of a post PO world." that does not necessarily mean a desire but simply what my crystal ball tells me.
For example I often say, "I think over half the world wil ...
  Topic: Grilling by senator Jim Bunning
MrBill

Replies: 9
Views: 607

PostForum: Economics & Finance   Posted: Wed Jul 23, 2008 1:56 am   Subject: Re: Grilling by senator Jim Bunning
I have problem with the state buying cheap assets in a crisis and then making a profit for the taxpayer by selling them off more expensively later. So long as it is done in a transparent way with no ...
  Topic: US food groups plan hefty price rises
MrBill

Replies: 48
Views: 1616

PostForum: Economics & Finance   Posted: Wed Jul 23, 2008 1:22 am   Subject: Re: US food groups plan hefty price rises


Again, thank you. I keep mixing economy with finance. That sums up my idea, with evidence data to boot. Perfect.

You said a very interesting thing in an earlier post: that we have placed petrol ...
  Topic: The Economist: America may default on it's debt
MrBill

Replies: 80
Views: 3423

PostForum: Economics & Finance   Posted: Wed Jul 23, 2008 12:58 am   Subject: Re: The Economist: America may default on it's debt
Thanks yesplease! ; - ))

Political interference in the market trumps economics in the short-run.

The IEA estimates that three-fifths of the doubling in the price of crude in the past year ...
 
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