...
Urban Survival...
The story that has my utmost attention today, though, is the one about how "Three big U.S. banks to sell stock and repay TARP." The reason this is so interesting? It's kinda like being in hock to the mob: Just as it isn't in the loan sharks interests to let you ever get out of debt, so too, the Feds may have plans for these banks that want to get out of debt to the government. If they do, there's danger for sure, since these banks won't be beholden to Uncle's schemes and dreams.
Government loves to run business. Maybe it's because they can't run themselves well, they think they can run other things. Take, for example, the case of the EU considering record fines against Intel; these could go to $1.36 billion dollars. All this because Intel supposedly designed a rebate program that would exclude a rival's chips. This is all part of the battle between AMD and Intel which has been raging for eight years. While you and I might be inclined over enough time to let bygones be bygones, in a world run by lawyers, accountants, and government, bygones are billable time, so everyone loses.
...
Good logic that I will continue to think about. This may end up having a significant, unintended impact on oil pricing
Oil, too, has been showing a little price deflating overnight. That's more than anything due to rising supplies. The oil producers have put themselves in a bit of a box - helped by banksters (of course). The banksters have loans gobs of money to many of the OPEC'ers so they can build new hotels, office towers and what have you. So while OPEC might be inclined to reduce production for a while to drive prices back up toward that $80 barrel level, the banker demands are such that they've got to keep pumping...little wiggle-room to control prices. But such is how loan sharks work, as we were just talking about.
No comments:
Post a Comment