Tuesday, January 4, 2011

Andy Xie on Oil

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?
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4 comments:

  1. Mr SlipperyJanuary 4, 2011 at 6:48 PM

    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!

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  2. Stagflationary MarkJanuary 4, 2011 at 8:33 PM

    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.

    ReplyDelete
  3. Mr SlipperyJanuary 4, 2011 at 9:39 PM

    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.

    ReplyDelete
  4. Stagflationary MarkJanuary 4, 2011 at 9:48 PM

    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! ;)

    ReplyDelete