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Blame the speculators, continued
2008-06-05 21:48:00 The Commodity Futures Trading Commission has launched a witch hunt to slake the blood-thirst of Congresscritters and their constituents looking for someone to blame for high oil prices. A Wall Street Journal story describes the CFTC "expanding surveillance of energy markets" to counter "potential oil-market manipulation." The Journal notes that it's unusual for the CFTC ... No Related Post
By: Jutia Group
Investigation Oil Speculators
2008-06-04 17:56:00 You know I read on my phone during the lunch break at my part time (which had to take in edition to running two home businesses because the price of oil has made everything so damn expensive) that said that the government is now investigating oil speculators for inflating prices. My question is why have ...
By: A Public Diet
Blame the speculators, continued
2008-05-30 17:28:00 The Commodity Futures Trading Commission has launched a witch hunt to slake the blood-thirst of Congresscritters and their constituents looking for someone to blame for high oil prices. A Wall Street Journal story describes the CFTC "expanding surveillance of energy markets" to counter "potential oil-market manipulation." The Journal notes that it's unusual for the CFTC ...
With Oil Speculators Blitzing, the Fed Needs to Call an Interest-Rate Rever
2008-05-28 08:00:00 The inflationary reality that we as consumers have been living for months may finally be starting to dawn on the U.S. Federal Reserve. The minutes of the last policymaking Federal Open Market Committee (FOMC) meeting, released on Wednesday, showed that the Fed?s inflation forecast was raised from a range of 2.1%-2.4% to a range of 3.1%-3.4%. Add the zooming oil prices we have seen recently into the mix, and the conclusion is inevitable: The nation?s central bank will soon have to reverse course and start raising interest rates - and probably in a hurry, too, if the Fed wants to keep oil prices…SHARETHIS.addEntry-({ title: "With Oil Speculators Blitzing, the Fed Needs to Call an Interest-Rate Reverse Play", url: "http://jutiagroup.com/2008/05/-28/with-oil-speculators-blitzin-g-the-fed-needs-to-call-an-inte-rest-rate-reverse-play/" });
By: Jutia Group
U.S. Senator Mocks The System
2008-05-16 14:30:00 I don?t know about you, but I?m starting to get this feeling that our Senate is evolving into that ?legislative? body from the Roman Empire (not Republic, mind you) and from whom they derive their name. Well, at least they?re not assassinating each other in the hallways of the Dirksen Building (at least, not ...
By: Boom2Bust.com
Congress Approves National Colosseum
2008-05-14 06:24:00 Not really. But Capitol Hill politicians might as well allocate funds to build one, complete with chariot races and gladiators to keep us happy, considering the way they?re pandering to the masses these days. When Congress only has a 20% approval rating (Gallup), what else would you expect? Something like what happened ...
By: Boom2Bust.com
In Love With Housing? Play Video Games
2008-04-28 07:18:00 I?m still seeing a lot of signs these days that America?s love affair with housing is alive and strong. However, is the love a ?good? kind of love (think ?This Old House?) or is it a ?bad,? money-based one (á la ?Flip This House?). Personally, I believe our infatuation with real estate is ...
By: Boom2Bust.com
Financial speculators reap profits from global hunger
2008-04-26 10:04:00 Under conditions of growing debt defaults arising from the US subprime crisis, speculators and hedge fund groups have increasingly switched their investments from high-risk "bundled" securities into so-called "stores of value," which include gold and oil at one end of the spectrum and "soft commodities" such as corn, cocoa and cattle at the other. The article in the New Statesman points out that "speculators are even placing bets on water prices" and then concludes: "Just like the boom in house prices, commodity price inflation feeds on itself. The more prices rise, and big profits are made, the more others invest, hoping for big returns. Look at the financial web sites: everyone and their mother is piling into commodities.... The trouble is that if you are one of the 2.8 billion people, almost half the world's population, who live on less than $2 a day, you may pay for these profits with your life." Investment in "soft commodities" is currently highly recommended by lea...
By: Circle of 13
Speculators Making Big Money? Driving Up Food Prices? Government Won?t Step
2008-04-25 06:24:00 Farmers and food executives appealed fruitlessly to federal officials yesterday for regulatory steps to limit speculative buying that is helping to drive food prices higher. Meanwhile, some Americans are stocking up on staples such as rice, flour and oil in anticipation of high prices and shortages spreading from overseas. Their pleas did not find a sympathetic ...
By: Los Cuatro Ojos
Financial speculators reap profits from global hunger
2008-04-24 17:44:00 By Stefan Steinberg, from the World Socialist Web Site wsws.org read more
By: BuzzVines
The Role of Speculators in the Global Food Crisis
2008-04-24 03:42:00 Vast amounts of money are flooding the world’s commodities markets, driving up prices of staple foods like wheat and rice. Biofuels and droughts can’t fully explain the recent food crisis — hedge funds and small investors bear some responsibility for global hunger. By Beat Balzli and Frank Hornig more… Oatmeal and Water: Nairobi Living, in a ...
By: 1913 Intel
Blame the speculators
2008-04-23 16:23:00 I have a feeling we're going to be hearing a lot more of this as the worldwide commodities boom goes on. A day after a run on rice in California prompted Costco and other chains to limit buyers to only a bag or two at a time, "Farmers and food executives appealed fruitlessly to federal officials yesterday ...
Gordon Brown to UK homedebtors and speculators: "Don't panic - all is well,
2008-04-09 09:14:00 One day these politicians will realize there's nothing they can do to stop the country-by-country housing crash.It hath been foretold.In the UK's case, what went up - really, really up, must come down - really, really down. And the fall in housing-ponzi-scheme Great Britain after the dust clears may be the worst the world will see.Anyone want to predict peak-to-trough crash percent in the UK?Put me down for 52%. And they won't hit bottom until 2015.Don't panic, says Brown ? as experts fear housing crashGORDON BROWN yesterday insisted Britain's housing market crisis was "containable" despite a string of reports showing prices plummeting at their fastest rate since the 1990s' crash.The Prime Minister sought to allay fears of a full-blown property slump after the country's biggest lender revealed an average price drop of 2.5 per cent during March ? the biggest monthly fall since 1992.
By: Housing PANIC
Fed punishes the commodities speculators
2008-03-20 18:40:00 Although this post sounds like we're talking about lofty oil prices, it's really a corollary to understanding how the consumer ("Main Street") views intangible rallies - how can the price of oil double in one year is a similar question to how can home prices double in five years. In an economic vacuum, it defies logic.Following up on Tuesday's Fed rate cut of 75 points... the lower than expected rate cut served as a "warning to commodity speculators" and today gold and oil continue their plunge as funds unwind their positions. Main Street doesn't realize how powerful market speculation plays on seemingly tangible commodities like oil. They believe oil prices should follow the logic of supply and demand, and can't really fathom why oil prices have essentially doubled since last year.The logical part is the media and economists point to increasing oil demand from China and Asia as their economies grows and to the weakening dollar as the base currency for oil pricing. The unfathom...
Blame The Speculators!
2008-03-01 12:46:00 Unless you have been in a different planet, you know that the Dollar has declined in value against all major currencies in the world, even against the Israeli currency known as NIS (New Israeli Shekel). In January alone, the Dollar has declined about 7% in value against the Shekel. What followed after such a dramatic ...
Real estate market: speculators shrink, market cools down
2008-02-26 12:28:00 People seem to hesitate to buy land and houses these days as they think that the prices will decrease in the time to come as the result of the measures taken by the Government. More sellers than buyers are what can be seen on the real estate market these days. Analysts said that a lot of speculators are trying to... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Pensacola Real Estate News: Did Speculators Accelerate Florida Housing Down
2008-02-10 05:24:00 Did speculators really accelerate the Florida real estate housing downturn, or am I just speculating? Maybe a little of both. Here’s how it worked. The real estate market in Florida was booming. Home prices were rising quickly and everyone was looking to cash in on this housing boom. In step the investors/speculators, from all over the country. Imagine ...
Betting The Farm On A Farm
2008-02-08 16:45:00 Even though I live in the concrete jungle, I?ve heard that farmland prices have been doing phenomenal. On Monday, Lynn Hicks and Jerry Perkins of USA Today wrote that even though U.S. home prices continue to slide, the value of farmland is setting records. They noted: Demand for grain for food, fuel and export, ...
By: Boom2Bust.com
Housing Scorecard
2008-01-02 21:50:00 Yesterday I came across a Chicago Tribune article that tallied up the damage in the U.S. housing sector last year. Kenneth Harney, the author of the piece, talked about how Queen Elizabeth II once famously referred to 1992 as her ?annus horribilis,? a year in which almost everything went wrong. The same could be said ...
By: Boom2Bust.com
New Report Suggests No Relief From High Oil Prices
2007-12-17 19:01:00 According to global news agency Agence France-Presse, leading energy consultants are forecasting oil prices will remain high in 2008 due to tight supplies and despite fears of a weakening U.S. economy. Consultants at the London-based Centre for Global Energy Studies also used their December report to attack the Organization of the Petroleum Exporting Countries (OPEC), ...
By: Boom2Bust.com
INDONESIA: Oil Market Is `Controlled' by Speculators, OPEC's El-Badri Says
2007-12-11 06:58:00 Oil prices, which have declined more than 10 percent from a record, are ``controlled by speculators,'' Organization of Petroleum Exporting Countries Secretary General Abdalla el-Badri said. Current prices are ``suitable,'' el-Badri said in an interview today in Bali, Indonesia,... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
By: ENERGY BLOG
Mortgage Rate Freeze Reached (but not for Investor/Speculators)
2007-12-09 00:00:00 The White House has announced a plan to freeze the mortgage rates on ARMs for home owners. It is geared to save those living in their homes from foreclosures. It specificially excludes real estate investors and their investment properties. Read the full details about the program in the article below: *******************************-******** Mortgage Rate Freeze Reached Thursday December 6, 5:04 pm ET By Martin Crutsinger, AP Economics Writer Deal Reached With Mortgage Industry for 5-Year Rate Freeze WASHINGTON (AP) -- Hundreds of thousands of strapped homeowners could get some relief from a plan negotiated by the Bush administration to freeze interest rates on subprime mort
No Lifeline For Housing Investors?
2007-12-04 22:34:00 According to a Money Magazine article posted on the CNN Money website yesterday, those who bought homes in the United States as an investment may not be helped by the proposed U.S. Treasury Department rescue plan to save the homes of subprime borrowers with adjustable-rate mortgages who cannot afford higher payments as their interest rates ...
By: Boom2Bust.com
Many Real Estate Speculators Facing Foreclosure
2007-11-29 14:23:00 Foreclosure is a topic that draws inevitable attention as well as debate for most of the speculators as most of them would have already made some bets pertaining to the real estate meltdown in the U.S. housing market. While addressing a forum on housing in Minneapolis, Robert Steel, who is known as the undersecretary for the ...
US Dollar Posts Largest Rally against Euro Since 2005 - Forex Speculators F
2007-10-22 20:11:00 The US dollar set fresh record-lows against the euro before a substantial reversal in later currency trading, posting its largest single-day rally since May 31, 2005. Forex speculators initially sold the greenback on news that the weekend’s key G7 summit failed to specifically mention dollar weakness in its official statement. Yet traders scrambled to cover ...
Vietcombank equitisation: ?strategic speculators? no cause for concern
2007-10-22 12:19:00 Le Xuan Nghia, Director of the Banking Development Strategy Department under the State Bank of Vietnam, said that there was no need to worry about so-called ?strategic speculators?. How much do you expect the price of Vietcombank?s shares will be? In principle, IPO price is always higher than the...
Opec blames speculators for oil price rise
2007-10-16 16:43:00 The Organisation of the Petroleum Exporting Countries said on Tuesday it was 'concerned' about the rise in the price of oil to close to $88 a barrel, but gave no hint of an imminent decision to increase output.
By: Get rich
Many Speculators Want to Bail, Not Bailout
2007-09-21 17:47:00 Congress needs to consider that not everyone WANTS to be kept in their homes: At a House Financial Services Committee hearing Thursday, Treasury Secretary Henry Paulson told lawmakers they should send troubled homeowners one simple but urgent message: "Call your lender or mortgage counselor today." He noted that 50 percent of foreclosures occur without borrowers ...
By: HousingDoom
ForeclosureRadar Cites Speculators in California Sales
2007-09-14 18:53:00 Foreclosure sales rose 10.4% in California in August, and speculator owned properties represent a growing percentage of the foreclosed properties, according to ForeclosureRadar. (...)
Las Vegas Speculators Now Rolling Craps
2007-09-09 14:56:00 There were great fortunes made in Las Vegas during the speculative run up from 2002–2005, but now the remnants of the party are chocking the city. Cruising through the communities will find speculative holes in the landscape full of dying subdivisions. Empty homes with dead lawns litter the landscape as other homeowners fret as their ...
Bailout-Bush - "No Bailout for Speculators"
2007-09-05 11:38:00 by Stephen P. Pizzo I don't know why I bother reminding people about these kind of things. Its never done any good before, and it won't make a bit of difference this time either. But I must, if for no other reason, so my own head doesn't explode. (My Three Sons) So here we go again – more proof that America has become a land with two sets of rules. One set for “them” and one for the rest of us. One of “them” — George W. Bush – commented last week on the nation's mounting mortgage mess. He noted that lots of innocent folk bought houses with mortgages that should never have been made and now over 2 million face foreclosure. He offered to help 80,000 of them. But – and he was firm on this — he not going to lift a finger to bailout reckless lenders or greedy speculators: “The Federal government will not bail out lenders — because that would only make a recurrence of the problem more likely. And it is not the government's...
Property Speculators first to default.
2007-09-05 02:06:00 The Mortgage Bankers Association (MBA) has released a report showing that as many as 1 in 5 mortgages currently in default in California belongs to borrowers who are not living in the homes with the defaulted loans. The default rates for investor loans were even worse in Nevada, Arizona and Florida, where one-quarter to one-third of all defaulted mortgages as of the end of June were related to investor loans, according to the report. The MBA defines "defaulted mortgages" as those that are 90 days or more past due or in foreclosure. The rapid rise in default rates has led some members of Congress to call for urgent action to aid borrowers who are threatened with the loss of their homes. But the MBA report suggests that some of these borrowers do not deserve to be helped. Many of the vacant foreclosed homes popping up throughout the U.S. these days were bought by speculators who planned to "flip" their investments for a quick profit but got trapped with the market took a sudden down-t...
Property Speculators first to default.
2007-09-05 02:06:00 The Mortgage Bankers Association (MBA) has released a report showing that as many as 1 in 5 mortgages currently in default in California belongs to borrowers who are not living in the homes with the defaulted loans. The default rates for investor loans were even worse in Nevada, Arizona and Florida, where one-quarter to one-third of all defaulted mortgages as of the end of June were related to investor loans, according to the report. The MBA defines "defaulted mortgages" as those that are 90 days or more past due or in foreclosure. The rapid rise in default rates has led some members of Congress to call for urgent action to aid borrowers who are threatened with the loss of their homes. But the MBA report suggests that some of these borrowers do not deserve to be helped. Many of the vacant foreclosed homes popping up throughout the U.S. these days were bought by speculators who planned to "flip" their investments for a quick profit but got trapped with the market took a sudden down-t...
Speculators drive up defaults, report says
2007-08-31 18:16:00 Blame it on the speculators. That’s what the Mortgage Bankers Assn. did Thursday in a report showing that as many as 1 in 5 mortgages in default in California belongs to borrowers who are not living in the homes with the troubled loans. The numbers were worse in Nevada, Arizona and Florida, where one-quarter to one-third of ...
Ben Stein: How Speculators Exploit Market Fears
2007-08-06 16:58:00 Ben Stein: How Speculators Exploit Market Fears. Here's a fact: The speculators and hedge fund managers who run today's stock market need market volatility in order to make money. They can't make enough money if the market stays flat or moves only a bit, so they like extreme and unexpected price movements. They especially like sudden, surprise movements down, when they can make money off stocks they borrow and sell -- or, as they say, "sell short." Subprime is a mess. But it's a small mess. In the context of the size of the U.S. financial sector, it's nothing. In the meantime, the economy is strong. Profits are great, and interest rates are low and will stay that way.
By: 7 Miracles Blog
Speculators Grab IPhone Domain Names
2007-06-28 22:37:00 Visit iPhone.com and you’ll see ads for various cell phones that play music - but Apple Inc.’s much-hyped iPhone isn’t one of them. The domain name was grabbed long before Jan. 9, when Apple (nasdaq: AAPL - news - people ) announced its gadget combining a cell phone, an iPod media player and a wireless Internet device. Since then, speculators and entrepreneurs have registered thousands of iPhone-related Internet addresses. read it here forbes
By: iPhonetunes
Is Casey Serin and Speculators Like Him, Really To Blame for the Housing Bu
2007-06-25 11:39:00 Everyone seems to have an opinion as to what caused the housing bubble to inflate and what poked the first hole and started to let the air out but more often than not the real estate investing community is blamed. But, real estate investors, not the speculators had little to do with driving it in ...
By: Investing Notes
Is Casey Serin and Speculators Like Him, Really To Blame for the Housing Bu
2007-06-25 11:39:00 Everyone seems to have an opinion as to what caused the housing bubble to inflate and what poked the first hole and started to let the air out but more often than not the real estate investing community is blamed. But, real estate investors, not the speculators had little to do with driving it in ...
By: Investing Notes
Exelon VP to Uranium Speculators: Thanks for the Price Rise
2007-05-29 00:00:00 Related Stocks: BHP, CEG, D, ETR, EXC, FPL, GE, NRG, RTP James Finch submits: We thought by now we?d heard it all. But the quote which follows, given to us in a tape-recorded telephone interview by the man who obtains nuclear fuel for the largest nuclear utility in the United States, surprised even us. Complete Story »
By: Commodity Wealth
Do You Work With Real Estate Investors or Real Estate Speculators?
2007-05-01 00:00:00 I was reading the Active Rain Real Estate Network, like I often do and happened to read the Marketing REO Properties... Why Bother?! post from an agent out of Wichita, Kansas. The author basically stated that she marketed REO properties the same way as a regular listing and had found success. It was generally a good post. The comments though were another story. Phyllis Mathouser out of Exterer, New Hampshire wrote: I have my first REO listing and although I treat it just like my other... To read the entire article, click on the title link above.
After Spending Big to Strike It Rich, Some Speculators Coming Up Broke as M
2007-04-27 00:00:00 Editor's Note: I wrote about Casey Serin a few weeks ago. His story is not uncommon among real estate speculators. Learn from it and steer your clients away from making the wrong decision. Sacramento, Calif., not far from where prospectors sought quick riches in the gold rush more than a century ago, another speculative boom is going bust. This time, however, it's not the lure of precious metals ? it's real estate. "The market was hot, and I decided to give it a shot," said Casey Serin, a... To read the entire article, click on the title link above.
Speculators make a killing selling graves
2007-04-04 08:04:00 BEIJING, April 3: Chinese officials are trying to head off a shortage of grave plots by charging higher rates to stop speculators.
By: newkerala.com
You think the speculators are out of the Phoenix housing market? Think aga
2007-02-28 08:38:02 If you listen to some of the cheerleaders in the real estate industry, they have concluded that the housing industry has "stabilized." One of the reasons given is that speculators have left the market, and now the market only consists of people buying homes for themselves. A quick glance at the Arizona Republic classifieds yields a ...
By: HousingDoom
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