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Monday, May 16, 2011 1:17:51 PM
Maybe that was the reason for the war in margin increases, the elections.
Same with oil. "The change to margin requirements were effective Tuesday, the CME said in a press release. Under the changes, the requirement for a new position in benchmark Nymex crude contracts rises to $8,438 from $6,750 previously. The maintenance margin for benchmark Nymex crude rose to $6,250 from $5,000."
The Feds need to everything Possible to keep oil prices down. These oil prices are inflation and going to hurt the pay check to pay check people. (Which seems to be growing and most Americans these days, we love our TV, Alcohol and Cell phones) Behaviors are changing. I'm sure it is going on right now as we speak given these oil prices. As you know, when behaviors change, demand drops, commodity prices drop.
So the Fed must do all they can to make sure the dollar does not crash. A crash mean higher oil prices.
As far as political, we have politician that really have no idea how much damage they do by making it so difficult to do business. I just read yesterday Obama is saying that he's "establishing a new team to coordinate work on Alaska drilling permits," in order to expedite the process. What a joke. Let’s hire new Federal employee to coordinate Federal employees that already have decided on all those rules that make it hard for companies to do work. Environmental rules should not be so tough in places NOBODY can live! It’s nuts. LOL.
But, It’s been my experience you cannot fight city hall. You may win a battle but you cannot win the war.
You bet on AGQ, you bet against the Feds ability to keep the dollar in check. I think the dollar is right where they want it. No higher, no lower. They can increase interest rate to get overseas folks to buy dollars so they can buy treasuries. Congress can pass any liar bill to fool people into saying spend cuts are going to happen.
Who really knows though?
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