Five Things You Need to Know: Why the Fed Doesn't Matter, This Land is My Land, No Oil for You, Build it and They Will Come, Text Message

By Kevin Depew  AUG 07, 2006 9:53 AM

What you need to know (and what it means)!


Minyanville's Five Things You Need to Know to stay ahead of the pack on Wall Street:

1.  Why the Fed Doesn't Matter

Fed Watcher and Bloomberg columnist John Berry says the Fed will pause.  But does it really matter what the Fed does?

2.  This Land is My Land...

High prices and increasingly scarce crude oil finds are emboldening governments to take more control over their oil industry or extract more revenue from foreign operators, according to a Reuters story from the Washington Post this morning.

3.  No Oil for You

Speaking of natural resources, the pipeline from our biggest oilfield was shut down to assess suspected corrosion, the Associated Press reported.

4.  Build It and They Will Come

Experts have warned that India's growth will slow if the country cannot build enough new roads, ports, airports and power stations.

5.   Incoming:  Text Message

Apparently, while text messaging is popular overseas, it's not really catching on here in the States, according to Business 2.0  magazine. 

No positions in stocks mentioned.

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