Best of the Exchange: Crude, Inflation and Market Meltdowns
Minyans make sense of oil and recent market action.
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(Editor's Note: Some of the following posts may have been modified slightly from their original form.)
Prof. Reeves commented on high oil prices and Congress in Will Oil Speculators Take a Spill? Heated debate followed.
Minyan Bacan: In my humble opinion, the real problem is that we have no national energy policy of plan, that makes any sense.
Minyan Dan: Energy policy is in the hand holding the nozzle at the gas station.
Minyan Justin: I may just end up fleeing to Mexico to start life over when the American people hand their liberty over to the federal bureaucracy.
Prof. Shedlock commented on Bank of America credit cards and withdrawals in Bank of America's Parking Meter Play. Minyans weighed in.
Minyan Dean: Honest companies act in a manner that earns them money from repeat business. Dishonest companies act like, well, like the banks are acting.
Minyan Raymond: Get a Schwab account and their debit card. They refund all other bank cash advance fees.
Minyan Matt: An underlying assumption is that banks (and other industries for that matter) detest regulation and want less of it.
Prof. Harrison commented on several investment tips in Random Thoughts: Positioning for the FOMC. Readers had a lot to say.
Minyan Dean: You cannot buy one of our noble members of Congress!
Alas, though, they are available for rental at hourly rates.
Minyan Robert: This country is never going to produce more than a fraction of the oil it consumes. We are stuck going to the world energy markets even if we found a huge reserve under Mt. Rushmore, because we consume so much.
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