May 9, 2009
Link: Hedge Fund Leader Blasts Obama for “Bullying” and “Abuse of Power”
When I first heard the Obama soundbyte — on the day of the bankruptcy announcement — I was suprised, for sure. It was definitely an aggressive quote:
“In particular, a group of investment firms and hedge funds decided to hold out for the prospect of an unjustified taxpayer-funded bailout. They were hoping that everybody else would make sacrifices and they would have to make none.”
The Yahoo article makes a good observation on the link between “sacrifice” and the TARP Program.
December 18, 2008
I’m interested in the value of the dollar lately and how that relates to energy costs. I have believed that oil prices are incredibly difficult to predict and explain, but that currency values might be the greatest contributor to the price fluctuation we’ve seen in the past few years. This link explains the latest news:
It has been hard to ignore the fact that the recently oil prices have been so closely related to the value of the dollar. The article shows a series of very informative graphs to illustrate that point and then discusses today’s marked drops in the stock market, the value of the dollar, and (oddly) oil.
I would be careful, however, in making statements such as, “that relationship is now completely over.”