Month June 2008

A fine rant on commodity speculation

From options trader Philip Davis. Who are the apologists at CNBC really protecting? Bloomberg says it’s the investment banks, who have churned free Federal loans along with an investor frenzy into $596 TRILLION of speculative derivative investments “including those based…

Barn. horse. gone

GM finally appears to have stumbled upon the clue train and just announced it will close four truck plants and dump their Hummer brand because of rising gas prices.