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QE2 is responsible for higher oil prices: Xie
Instead, financial speculation, fueled by the rise in money supply via QE2, is responsible for the increase.
Apparently Andy Xie is not a believer in Paul Krugman's twisted logic.
How is higher priced oil going to help return us to prosperity?
ISM® Services Index Decreased to 50% in September; Prices Paid Very High;
Employment in Contraction for Fourth Consecutive Month
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(Posted with permission). The ISM® Services index was at 50.0%, down from
52.0% last month. The employment index increased to 47.2%, up from 46.5%.
Note: A...
42 minutes ago
4 comments:
You are missing the beauty of an oil price spiral. We all get rich trading oil futures contracts back and forth to each other. In the process, Wall Street gets a cut of the fees and the IRS gets a share of the profits. Everyone wins!
Mr Slippery,
Burning Money Chemistry Demonstration
This $20 is on fire, but it is not being consumed by the flames.
Churning Money Chemistry Demonstration
This $20 is on fire, and it is being consumed by the flames.
Ha! Churn 'em and Burn 'em. We're back in business with BluStar Airlines. I made $84 today on a trade and it cost $14 in commissions. A sweet 16.6% for my broker.
Mr Slippery,
Nice! Don't forget to give our government its fair share of those profits.
I'm looking forward to seeing the drop in our national debt! ;)
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