Morning Reads – Thursday, January 14, 2016

On this date in 1943, President Franklin D. Roosevelt became the first U.S. President to fly in an airplane while in office. He flew from Miami to French Morocco where he met with British Prime Minister Winston Churchill to discuss World War II.

Peaches

Jimmy Carter

Sweet Tea

Liberty Drum

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Saltycracker
Saltycracker

Gun confiscation: Another seed planted by a DeKalb lawmaker where mutations originate: I apologize to all that I asked what’s the big deal about some of the rational controls on the table ?

John Konop
John Konop

Demand is down via spread between rich and poor worldwide creating less spending. For years oil has been stored to keep prices artificially up ie playing with natural supply and demand curve. If you add energy efficiency to the equation, prices should be low for awhile, helping consumers with spending. The down side is people and governments are leveraging way faster than the amount they are saving on oil prices. This is a temporary solution unless we use the money for deleveraging, do not hold your breath. Just my 2 cents…

Saltycracker
Saltycracker

Doesn’t matter if it is oil, stocks or any asset when you are over leveraged, can’t borrow or tax enough, you sell at any price you can get. Then add in the terrorists and looters who will sell at whatever they can get.

The US should be pumping world oil back into Oklahoma so it won’t be a sink hole for another 100 years.

Opportunities will be back in stocks, if you can figure out the floor and then pick the long term survivors. And have 20 years to wait.

xdog
xdog

I can’t follow what you’re saying. Specifically, I don’t see how the rich/poor spread affects spending. My very limited understanding of supply and demand tells me that oil prices are low because the Saudis have kept the taps wide open at a time of reduced demand, esp in China where a major contraction looks more likely daily. At the same time, Iraq is bringing 3-4M barrels to market every day. Low oil prices are great for US transport companies and car manufacturers. It’s a short-term plus for a lot of US consumers too, but even there, many have diverted the… Read more »

gcp
gcp

Yes, classic supply/demand concerning oil slide but a strong dollar also contributes to downward pressure on price.

John Konop
John Konop

This is an article from 2014 about the oversupply issue and storage/buy issue. Read and learn…

http://www.danielstrading.com/news/2014/09/09/crude-oil-in-storage-amid-massive-oversupply/

gcp
gcp

Correct, it’s all interrelated; low economic activity in China means less demand, more efficient production and more producers leads to increased supply and lower price, and of course there is that strong dollar. Not sure I can say oil was stored mainly to keep price up but maybe it was a minor, secondary factor.

Thirty is probably the stabilization point but I said previously forty was stabilization point. Some predict twenty but I don’t see it that low. The shorts are winning right now but that’s I dicey market I don’t play in.

auh2o
auh2o

Al Jeezera has closed in America. Is Trump behind this?

John Konop
John Konop

X,

This is an article from 2014 about the over supply of oil and storage….

http://www.danielstrading.com/news/2014/09/09/crude-oil-in-storage-amid-massive-oversupply/

John Konop
John Konop

GCP,

Sorry that was for X Dog…..I know you got the point.

John Konop
John Konop

X,

A basic concept taught in ecomonics called distrubution. If money clusters to much at the top it does not distrubute through the economy. This is why the father of free market ecomonics Adam Smith was the leading the movement against slave labor like conditions. He was very clear how workers and employers must have equal footing in negotiating wages or this would happen ie lack of spending. Basic human rights concepts in the Bill of Rights was coined from Adam Smith. Henry Ford always said he needed to pay his workers enough to buy cars they build ie same concept.

blakeage80
blakeage80

One of my comments in the Dem gun bill post says it is awaiting moderation. What triggers that?

Benevolus
Benevolus

Pun intended?

Will Durant
Will Durant

Me too.

The Eiger
The Eiger

Rand Paul acting more childish than presidential by giving the media the bird. It’s well past time for him to throw in the towel and run for his Senate seat.

http://thehill.com/blogs/blog-briefing-room/news/265880-rand-gives-media-the-bird

gcp
gcp

He reminds me of a whiny little brat, the kid that always ran to the teacher and tattled on the other kids then went home to mommy and daddy.