Zeev's Turnips Patch-No Politics (ZEEV)

[Zeev Hed]

It is the middle of August, I think if you indeed allow for a spike to $50 sometime next week, the memories of that spike will last for the next three months, together with the impact it has on the economy, and thus to the extent it has an impact on the election, even a drop to $35 on November 1st, will be too late. In the next six weeks, I presume those that have not made their mind which way to vote will do. Thus if it is a Bush engineered ploy, I think his advisors screwed up royally. Bush senior had an economy clearly healing going into November for his reelection, but the battle cry "it is the economy , stupid", worked and people made their mind by June or so (those that based their vote on the economy, that is). If there is a conspiracy, then I would guess it is Putin exacting "payback" time from Bush snubbing him on too many occasions in the last three years. Putin surely did not have to make the Yuko crisis so urgent, if he was afraid of funds leaking from Yuko, installing an independent accounting firm in control of disbursements and receipts at Yuko would be all he needed to do until the legal sides of the issues are settled. Instead, he gave the impression that no one knows if Yuko can pump and export or not. If Yuko has unimpeded but controlled access to their funds to pay their bills (so they can pump and export), the market would not be concerned as to when and if they will be able to and so on. The chaos is too unique not to be "organized" (g).