This weekend the Bush administration proposed a 700 billion dollar bailout of bad mortgage debt to unfreeze the credit markets in the United States. Some members of Congress even argue that this bailout is not big enough. Through all of the arguing between how big or small the bailout should be the talk has been [...]
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Wall Street’s 700 Billion Dollar Bailout
Posted in Economics, Everything, tagged 700, Bad, Bailout, Bank, Billion, Budget, Bush, credit, debt, deficit, Depression, Economy, Energy, Faulty, Federal Reserve, Financial, Firms, Fiscal, Fixing, Food, gas, George, Gold, Henry Paulson, inflation, Junk, Lehman Brothers, main, monetary, Money Supply, Mortgage, Oil, policy, Price, Recession, Standard, states, street, united, wall on September 22, 2008 | 1 Comment »
Iran’s President Wants it Both Ways
Posted in Economics, Everything, Politics, tagged ahmadinejad, commodity, currency, depletion, dollar, economic, fiat, global, inflation, iran, mahmoud, monetary, national, Oil, opec, peak, policy, president, states, united, us on April 19, 2008 | No Comments »
The associated press came out with a staggering report out of Iran this morning. Iranian President Mahmoud Ahmadinejad declared $115 barrel oil “too low”. He said, “The oil price of $115 a barrel in today’s global markets is a deceiving figure. Oil is a strategic commodity that needs to discover its real value.”
He also claimed [...]
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Recent Posts
- Wall Street’s 700 Billion Dollar Bailout
- Looks Can Be Deceiving
- Obama on Oil
- The Politics of a Pump and Dump
- Irresponsible Compensation at Societe Generale SA
- Iran’s President Wants it Both Ways
- Seth Klarman at MIT Sloan
- Big Oil Once Again Abused by Congress
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