Professor Mark J. Perry's Blog for Economics and Finance
Posted 8:46 PM Post Link
Links to this post
These speculators ought to be jailed - for forcing the prices lower than they were a few weeks ago - Imagine what could happen to gasoline consumption and CO2 production and the value of those companies's stock because their product is now cheaper (there are ordinary people whose pensions/payouts depend on the value of oil/gas company stocks)(And when prices go up - we can say this)These speculators ought to be thrown in jail for making it impossible for ordinary people to live - they have to drive after all to make a living and life is so expensive already(When prices stay the same, we can say this)WHAT? No increase in my pensions/annuity? Why are the prices of gas/oil not doing up? Why is the stock price stuck at the point it was last week?(When something else happens I have not anticipated - I can always figure out what to say by using simple rules - profit is evil and CO2 is bad - except when it is good)
The last 4 weeks, regular gas with annual change rate. Prices are basically the same as last year.$3.67 4.44%$3.61 2.21%$3.57 -1.00%$3.53 -3.15%
Speculators wise, take the top 5 trading desks out of the equation, basically the TBTF hosers.The rest are basically fine, at least from a manipulation/control capability view.
I have no doubt seth can find something bad about this for the poor and unemployed.
Post a Comment
Create a Link
Dr. Mark J. Perry is a professor of economics and finance in the School of Management at the Flint campus of the University of Michigan.
Perry holds two graduate degrees in economics (M.A. and Ph.D.) from George Mason University near Washington, D.C. In addition, he holds an MBA degree in finance from the Curtis L. Carlson School of Management at the University of Minnesota. In addition to a faculty appointment at the University of Michigan-Flint, Perry is also a visiting scholar at The American Enterprise Institute in Washington, D.C.
View my complete profile