They don't make sense.
Here's my dilemma -- OK, I get that we are in a complete financial melt down [but then again, someone making $50K a year with $50K in credit card debt shouldn't qualify for a $500K mortgage any way - good market, bad market - doesn't matter]. And I get that gas prices are up, food is up, free cash is down, savings is not existent, etc and so on. I get all that.
But, one of the reasons given for the high price of oil is that "investors have to put their money somewhere and the US Dollar is down..." [but that didn't support the whole idea of speculators making the price of oil go up]. So today, there is a $700B bail out plan, the US Dollar is up against all currencies [I think, but don't quote me] and guess what else is up -- if you guessed Crude Oil, then you with the big prize on the top row.
I just don't get it, maybe someone can explain it to me - right now my head hurts.
Here are some articles to keep you busy trying to figure it out on your own....
Bailout agreement talks make progress
Deal said to be near on big financial bailout plan
New-home sales fall to weakest level in 17 years
Era of US financial dominance at an end: Germany
Discover's Earnings Decline Amid Higher Loan-Loss Provisions
Dollar idles ahead of word of bailout bill's status
Oil rises on bailout worries
Oil up near $108 as bailout wins initial approval
WaMu reportedly seeking a rescue by private equity
And as always, feel free to visit the following for some expert opinion...
Seeking Alpha
Blogging Stocks
Motley Fool
Market Watch
Here's my dilemma -- OK, I get that we are in a complete financial melt down [but then again, someone making $50K a year with $50K in credit card debt shouldn't qualify for a $500K mortgage any way - good market, bad market - doesn't matter]. And I get that gas prices are up, food is up, free cash is down, savings is not existent, etc and so on. I get all that.
But, one of the reasons given for the high price of oil is that "investors have to put their money somewhere and the US Dollar is down..." [but that didn't support the whole idea of speculators making the price of oil go up]. So today, there is a $700B bail out plan, the US Dollar is up against all currencies [I think, but don't quote me] and guess what else is up -- if you guessed Crude Oil, then you with the big prize on the top row.
I just don't get it, maybe someone can explain it to me - right now my head hurts.
Here are some articles to keep you busy trying to figure it out on your own....
Bailout agreement talks make progress
Deal said to be near on big financial bailout plan
New-home sales fall to weakest level in 17 years
Era of US financial dominance at an end: Germany
Discover's Earnings Decline Amid Higher Loan-Loss Provisions
Dollar idles ahead of word of bailout bill's status
Oil rises on bailout worries
Oil up near $108 as bailout wins initial approval
WaMu reportedly seeking a rescue by private equity
And as always, feel free to visit the following for some expert opinion...
Seeking Alpha
Blogging Stocks
Motley Fool
Market Watch
There are lots of people that stand to gain -- those with CASH will gain the most [since credit has dried up]. There a saying "follow the money" -- but anytime there are huge swings up and down -- people with money love it. Because money is to be made in the transaction and speed creates more transactions.
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