Saturday, May 7, 2011

Saturday nights alright

So the talk today is gasoline prices. The papers and news outlets are saying a 10%-15% drop in prices are on the horizon as the speculators fear some sort of economic disaster should they continue playing petroleum god.
Reminds me of the Eddie Murphy movie Trading Places where the old guys are betting on how individual lives can be changed with the right influence.
Since when has it become fashionable to wager on the future of petroleum, food and now precious metals? Wall Street isn't just buying and selling anymore, they are now investing on a yet to be determined price...
Isn't this a bit like being a dentist and then handing out sugary treats to everyone then waiting for them to come into your office for fillings? Doesn't this smell just a little like a conflict of interest? At the very least it has to be suspicious...

No comments :

Post a Comment