Thursday :: May 21, 2009

Open Thread

by Mary

About the rise in gas prices over the Memorial Day weekend? It's a good bet that it is due to the hedge-funds speculating and not because demand is outstripping supply.

During a visit to McClatchy's Washington Bureau, hedge-fund manager Masters also said that big institutional investors were sucking the air out of the fragile economic recovery, in part because their Wall Street partners were exempt from federal limits on how much they could bet on commodity prices.

The joke would sure be on them if they do push the US economy even further down. Maybe some regulations would be good to put in place now.

Mary :: 12:00 AM :: Comments (8) :: Digg It!