Derivatives: Darth Vader's Revenge Message Board

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To: axial who wrote (2124)	5/1/2012 11:01:19 AM
From: Hawkmoon	1 Recommendation Read Replies (1) of 2330

So as speculators gamble, millions of Americans are paying what amounts to a "speculators tax" to feed Wall Street's greed. And this translates into a tremendous drag on economic recovery, energy being a fundamental and unavoidable cost to economic growth. I reiterate that, IMO, speculation in the global commodity markets, especially oil, has been a scheme to keep the US dollar from rallying too sharply (and destroying other currencies like the Euro in the process). A sharp drop in oil prices would suggest great diminishing demand, even though it would merely be trending back to the actual supply/demand price point and ridding itself of the artificial speculation. Maybe my logic is flawed, but it's the gut feeling that I have. But one thing is for sure.. It's hard to have an economic recovery when energy prices are adding unnecessary costs to economic activity. Hawk