i wonder about that too if the production price won't be somewhat of a floor. if prices fall below production prices and they stop mining, if the falling supply would not help prices rise if demand stayed relatively constant. sounds good in theory but only one way to find out.

he has been wrong at market direction, while at the same time correctly pointing out various issues with economy that are not good at all. i think the bigger question would be .. would he still be wrong if we didn't have artificial stimulus, the fed, proping up the market. it will end someday and i think the current ad...more

Anyone noticed all the stock buybacks? That's money that the big companies aren't spending on hiring, equipment, etc. Some beat estimates but the big news was that a much bigger percentage than normal missed on revenue. One can fudge around with earnings estimates, but they can't hide from total revenues.

global warming. except since 2009 average global temperature has been falling. just when people think they have mother nature figured out .......

It wasn't the republicans trying to regulate derivatives. It was the head of the CFTC, Brooksley Born. She was appointed by the Clinton Administration and was a previous derivatives lawyer for the prior 20 years. So she knew how they worked very well and realized things needed to change. Perhaps long before anyone else...more

Actually Glass Steagal regulated banking DEPOSITS. The banking institutions have other assets that they could have used to purchase the derivates they bought. Derivative regulation was tried in 1996 or 97 and was shut down by Larry Summers and Robert Rubin in the Clinton Administration.   A number of things lined up ...more

Bush caused the crash with lack of oversight? The 2 biggest things that could have been fixed were FannieFreddie and the derivatives market. Both were stopped by democrats. The R's tried to regulate F/F in 2004/2005. Youtube "Fannie Freddie congress 2004" if you want to listen to floor debate and how the Dems railed ag...more

True Jerry Mac, the low rates are counter productive at this point. Killing savers from bank and CD rates that lose you money through inflation. Total money being loaned out is declining. Most of the money printed is resting with the banks and financial institutions where it goes first. The biggest inequality by far fo...more

so all the people overseas that are selling are doing so because of the republican party in the US? LOL