Dodd-Frank
Posted at 10:23am on Jun. 28, 2008 Fearing the End of High Oil Prices
Bubbles Always Burst
By blackhedd
One of this week’s big themes has been the role of speculators in the crude oil market. I’ve certainly played my role in the mini-flap. It’s absolutely true that buying pressure from non-traditional players has been supporting the price of crude oil, but the real picture is considerably more complicated than the one Barack Obama and the MSM have been retailing.
In short, there are a great many professional investors out there who now think of industrial commodities as an asset class, to be given its proper allocated weight in managed portfolios. This is where much of the structural price support for crude oil has been coming from.
And this has been giving me some very spooky thoughts.
Commodities prices are undoubtedly in a momentum-driven bubble. Months ago, I predicted in this space that crude oil would hit $150 or $180 a barrel during the summer.
Hold onto your hat and keep reading…
Posted in Dodd-Frank | Economy | institutional investors | oil pirces | speculators — Comments (20)/ Email this page » / Read More »
Posted at 1:47pm on Jun. 18, 2008 Want to buy an overpriced house in Las Vegas? You’re about to!
By Matt Kibbe
Thanks to Matt for stopping by to post this. Matt Kibbe is the President of FreedomWorks. --Erick
The current correction in the housing market is painful for Wall Street and many homeowners. Not missing an opportunity to ‘solve’ a ‘crisis,’ Congress is attempting to save the day with the Dodd-Frank bailout bill that is scheduled to hit the Senate floor later today.
While supporters try to sell the bill as legislation to help folks facing foreclosure, a closer look shows who benefits and who ultimately pays.
Dodd-Frank creates a new $300 billion taxpayer loan guarantee facility that nearly doubles the size of the Federal Housing Administration (FHA), and allows mortgage lenders and banks to cherry-pick the worst performing and riskiest loans in their portfolios and offload them onto the FHA, creating new loans that shift 100 percent of the liability to the taxpayer.
Read on . . .
Posted in Barney Frank | Chris Dodd | Congress | Countrywide Financial | Dodd-Frank | Mortgage Bailout — Comments (16)/ Email this page » / Read More »
