Oil: FT says scarcity is here

Emphasis for the next president would be Energy policy. Make Research Not War.

Comments

Post a Comment

Popular posts from this blog

Madrid Blog--We get sued

Image
...for having children If you are a foreigner and move to Madrid, do not, necessarily expect a warm welcome. Yesterday, we, or rather Don Mark Fleury and Dona Natali Manson ***note to Building Association of Serrrano XX, before you lawyer up, do your research. My husband spells his name "Marc" with a "c." and my first name is spelled "Nathalie;" not to mention that my honest English stone mason forbears would cringe at the misspelling of their last name to confound with that of the notorious 20th century serial killer. received an official communication from the Juzgado de Primera Instancia de Madrid, from one Don Ramiro Blah Blah, President of the Building Association of Serrano XX, a building of exactly 12 units, half of which were owned at one time by his father in law, in which it is alleged 1) "Mark Fleury and Natali Manson" have four children 2) these children own bicycles 3)and roller skates 4) and scooters ( Nathalie comment: nope sorry ...
Read more

Houston, We have a central-bank-run!

Judging by the comments, it seems many of you share my interest in understanding the recent economic news, at least Juha does. So I will continue covering that. Yesterday, my brother Carlos, who works for BNP in Europe sent me this story: Apparently we are seeing a dumping of US related assets by what is speculated to be... the Chinese. . Forget the computer attacks, Asia's sovereign funds dumping US assets would have a real impact on the economy. Credit and liquidity crises are not new and, when they turn bad, they turn bad. In 1929, the liquidity scare sparked a bank run. Banks didn't have enough cash and were defaulting, accelerating the mad dash and "bank-run" to get your money out while there was still liquidity. Then, the real economy wound up with no credit, and we all know the sad story from there. 2007 isn't like 1929. It isn't an "end-consumer" bank run. You and I are not going to the corner bank to take our savings out. Our confidence ...
Read more

AIG and naked CDS: Die already! DIE!

$150B later and AIG is still dead but we are still throwing good money after bad. The biggest scam on earth is taking place under our very noses. It bests madoff and it is legit because we haven't outlawed it yet. AIG is dead because it underwrote (or at least re-insured) the insurance on naked CDS and when it blew up there is no budget that can cover such a DEMULTIPLIED BAD DEBT. The taxpayers are funding hedge fund jackals to the tune of $150Bn and have NOTHING TO SHOW FOR IT. NAKED CDS MUST BE BANNED YESTERDAY. Even the guys who were speculating with it think so (find the conde nast article on "the death of wall street"). AIG must FAIL TODAY to STOP THE PAYMENTS TO THESE HIGHWAY ROBBERS. $150 fucking Billions to clowns like me, how many schools, how many hospitals, how many barrels of oil and you call this "innovation"?. This is the kind of BULLSHIT that lead to outrage and the invention of communism in the late 19th. And to those of you that don't s...
Read more