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Keyword: speculators

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  • This family bet EVERYTHING on bitcoin when it was $900 – and bought more when it crashed in 2018

    12/03/2020 11:13:01 AM PST · by Red Badger · 89 replies
    CNBC ^ | Published Thu, Dec 3 202010:41 AM EST | MacKenzie Sigalos
    Didi Taihuttu and Family =========================================================== Didi Taihuttu, his wife, and three kids bet all they have on bitcoin. In 2017, CNBC spoke to the Dutch family of five when they were in the process of liquidating their assets — from a profitable business and 2,500-square-foot house, to their shoes — and trading it all in for the popular cryptocurrency and a life on the road. Nearly four years and 40 countries later, Taihuttu and his family still don’t have bank accounts, a house, or all that much by way of personal possessions. All of the family’s savings remain tied up...
  • Hey, guess what? Food shortages are coming back!

    10/22/2020 12:33:47 AM PDT · by be-baw · 186 replies
    The Takeout ^ | October 21, 2020 | Aimee Levitt
    Remember those great early-pandemic days last spring when bags of flour and yeast suddenly became precious items? Wasn’t that fun? Well, great news, everybody: we’re going to get to experience them all over again. As we’ve noted before, grocers are a little more prepared this time around and have been stocking “pandemic pallets” of food they can reorder quickly, but some things will still be hard to find. Mashed has thoughtfully prepared a list: Baking supplies. It’s now chilly enough to turn the oven on again, plus the spectre of holiday baking looms Canned soups. Both General Mills and Campbell’s...
  • South Korean currency tumbles as unconfirmed report indicates that North Korea’s Kim Jong Un is seriously ill

    04/20/2020 9:00:16 PM PDT · by be-baw · 43 replies
    CNBC ^ | April 20, 2020 | Eustance Huang
    KEY POINTS The Korean won weakened sharply on Tuesday against the dollar on unconfirmed reports that North Korean leader Kim Jong Un is seriously ill. As of 0239 GMT Tuesday, the Korean won fell 1.54% to trade at 1,239.35 per dollar. The moves came after CNN reported Tuesday, citing an unnamed U.S. official with direct knowledge, that Washington is “monitoring intelligence” that Kim is in “grave danger after a surgery.”
  • More international homebuyers shopping in Austin (TX)

    11/02/2014 8:45:23 AM PST · by bgill · 16 replies
    kxan ^ | Nov. 1, 2014 | kxan
    A study from the Texas Association of Realtors shows international buyers pumped more than $11 billion dollars into the Texas economy between March of 2013 and 2014. One Austin Realtor says people from outside of the U.S. are looking for a secure investment. “An international client can come into the Austin market, get a great value for what they’re buying and almost be insured that there’s profitability in that and that’s unique to the world as a whole,” said J Kuper, owner of Kuper Sotheby’s International Realty.
  • Widow trying to sell family home of 40 years finds she doesn't own $1.2 million property after husba

    04/01/2014 5:49:30 PM PDT · by kiryandil · 89 replies
    UK Daily Mail ^ | April 1, 2014 | Jessica Jerreat
    An elderly widow who had fallen behind in her property taxes discovered she longer owned her home after trying to sell it to pay off her debt. Unbeknown to Hertha Handler, ownership of her $1.2 million Oyster Bay Cove home in Long Island has been transferred to an investor who bought two of the liens against the property. The 73-year-old widow had lived in the property for more than 40 years but after her husband died several years ago, she slipped behind on taxes and had an outstanding debt of $200,000. Multiple liens had been made against the property, where...
  • Why Housing Markets Are Set To Tank Again

    11/24/2013 8:12:05 AM PST · by SeekAndFind · 9 replies
    RCM ^ | 10/03/2013 | Keith Jurow
    In mid-September, a CNN Money headline reassured investors: Our Long National Foreclosure Nightmare Is Over. Sounds great! Now we can finally relax and be glad that Henry Paulson, the Fed and the Big Bankers saved us from the apocalypse.Wait a second. Not so fast. Before you breathe a sigh of relief, why don't we take another good look at the real state of housing markets now. Let's examine some important charts, graphs and tables that the media does not cover. Inventory of Homes for Sale: What It Tells UsIn numerous articles over the last two years, I have emphasized the...
  • U.S. home prices keep rising, but homeownership is down

    04/30/2013 7:31:38 PM PDT · by SeekAndFind · 22 replies
    Los Angeles Times ^ | 04/30/2013 | Alejandro Lazo
    Home prices are rising at levels not seen since the real estate boom, but American homeownership remains on the decline. The two trends underscore the nature of the housing rebound: Gains in pricing have been driven significantly by investors, leaving many would-be buyers behind. Prices are rising because of strong demand, a lack of supply and a sharp recovery in the hardest-hit markets. The number of foreclosed homes coming to market has also dropped dramatically. But because lending standards remain tight, the everyday home shopper is often losing out to investors able to pay cash. "What we are seeing right...
  • Obama Makes the Wrong Call on Oil Speculation (Speculator are NOT to blame for rising oil prices)

    04/27/2012 4:55:28 AM PDT · by SeekAndFind · 46 replies
    Fiscal Times ^ | 04/27/2012 | By BRUCE BARTLETT
    Lately, speculators have come under attack by Barack Obama. The president blames them for raising prices on oil and gasoline, and he has proposed new restrictions on oil traders. But this is a wrong turn on the road to a healthy economy. Back in 1958, onion farmers were concerned that speculators were taking advantage of them. They were especially concerned about the extreme volatility of onion prices, which could often double in a short period of time and then drop to a level below the cost of production. Farmers aimed their ire at the Chicago Mercantile Exchange, the principal futures...
  • Speculators smooth out the rough spots

    03/11/2012 1:56:05 AM PST · by Bobbys1963 · 14 replies
    Philadelphia Inquirer ^ | Sun, Mar. 11, 2012, 3:01 AM | John R. Lott Jr and Grover Norquist
    With regular gas prices topping $3.70 last weekend, angry politicians are blaming the higher prices on speculators and greedy oil companies. On Monday, The Hill newspaper reported that 23 senators and 45 congressmen, all Democrats except for one independent, called for urgent action against the "speculators" they hold responsible. Sen. Bob Casey of Pennsylvania demanded, "Consumers shouldn't be forced to pay higher prices at the pump because of speculative bets on Wall Street." These politicians want the Commodity Futures Trading Commission to use its new regulatory powers under a law signed by President Obama two years ago to limit the...
  • Dem Sen. Casey calls on CFTC to act against oil speculators

    03/04/2012 4:33:50 PM PST · by Libloather · 24 replies
    The Hill ^ | 3/04/12 | Vicki Needham
    Dem Sen. Casey calls on CFTC to act against oil speculatorsBy Vicki Needham - 03/04/12 06:25 PM ET Democratic Sen. Bob Casey (Pa.) is pressing the Commodity Futures Trading Commission (CFTC) to help ease rising gasoline prices. In a letter sent to CFTC Chairman Gary Gensler on Sunday, Casey called on the agency to complete a rule that would limit speculation in the oil market and is two years in the making. “Consumers shouldn’t be forced to pay higher prices at the pump because of speculative bets on Wall Street,” Casey said. “Nearly two years ago Congress gave the CFTC...
  • The Oil Drill : Here’s how NOT to solve the problem of high gas prices.

    05/12/2011 7:12:15 AM PDT · by SeekAndFind · 8 replies
    National Review ^ | 05/12/2011 | The Editors
    Three Senate Democrats angry about the high price of gasoline propose to raise taxes on the firms that produce it. No, it does not make any sense to us, either. For Democrats, expensive gas is just the price of scoring a moral victory over Big Oil, and American consumers will be expected to pay any price and bear any burden that Harry Reid & Co. inflict upon them. The “Close Big Oil Tax Loopholes Act” is a minotaur’s labyrinth of economic illiteracy, with Democratic senators Robert Menendez (N.J.), Sherrod Brown (Ohio), and Claire McCaskill (Mo.) lurking at the center of...
  • Oil Speculators: Manipulative Evil Masterminds or Just Savvy Investors?

    05/11/2011 6:31:50 AM PDT · by SeekAndFind · 21 replies · 1+ views
    Daily Finance ^ | 05/11/2011 | Bruce Watson
    As the price of oil climbed over the past few months, a growing army of commentators and pundits grimly hinted about "speculators" who were manipulating the oil market and profiting from the misery of the American people. In the darkest depictions, these speculators were alleged to be aligned in a vast, global cabal bent on squeezing money out of the U.S. middle class by driving up the price of crude. These rumblings about speculators are hardly surprising: They echo the groundswell that emerged three years ago, the last time that gas prices exploded. For that matter, there's no doubt that...
  • Gasoline Prices: The biggest market rigger is government itself.

    05/09/2011 9:06:35 AM PDT · by SeekAndFind · 9 replies
    The Journal Inquirer ^ | 05/08/2011 | Chris Powell
    As gasoline prices passed $4 per gallon in Connecticut, Sen. Richard Blumenthal and Rep. Joseph D. Courtney joined President Obama in denouncing "speculators" and urging investigation of manipulation in the oil market. There are a few problems with this. First is that such investigations have been undertaken before, including investigations by Blumenthal himself during his 20 years as Connecticut's attorney general, and they never found anything more than the OPEC oil producer cartel's public but uneven efforts to support the oil price. Anti-competitive as its activity is, OPEC's formation a half century ago was only a defensive response to the...
  • Obama's War on Oil

    05/05/2011 11:02:39 AM PDT · by WOBBLY BOB · 20 replies
    american spectator ^ | 5-4-11 | Peter Ferrara
    Why would President Obama want high gas prices? It's a matter of ideology for him. He thinks it's good for the environment for gas prices to be high. The higher gas prices are, the less you will drive. Also, higher gas prices make his beloved "alternative fuels" more competitive. That is because these alternative fuels are inherently more expensive, and so can't compete with cheaper gas. Note this is not a prescription for easing the financial burden on working people. High gas prices make it more likely you will buy expensive "alternative fuels." But either way, your wallet will still...
  • In Defense of Greedy Oil Companies and Speculators

    05/04/2011 3:30:10 PM PDT · by JohnRLott · 7 replies
    Fox News ^ | May 4, 2011 | John R. Lott Jr.
    The price for regular gas is hitting $4 a gallon this week, and Americans want to know who is to blame? that's easy, it's greedy oil companies and speculators, that is if we are to believe President Obama’s anti-business rhetoric over the last couple weeks. In fact, he has already a Department of Justice investigation into "manipulation in the oil markets that might affect gas prices, including any illegal activity by traders and speculators." Even high-ranking Republicans might go along with the investigation. Last week, House Speaker John Boehner discussed possibly accepting the President’s proposed tax hikes on oil companies...
  • Gasoline Prices and Speculators: They Think You Are Stupid

    04/25/2011 4:17:14 AM PDT · by radioone · 21 replies
    American Thinker ^ | 4-25-11 | Joseph Svetlic
    It is with great interest that I read this past week about the President's initial response to rising gas prices. What or who was to blame? According to the President...speculators. Nameless, faceless speculators. They are to blame for the rising price of crude oil up and the accompanying price at the pump! The problem is...speculators and people make various bets, and they say, you know what, we think that maybe there's a 20 percent chance that something might happen in the Middle East that might disrupt oil supply, so we're going to bet that oil is going to go up...
  • More White House Demagoguery on Gas Prices

    04/23/2011 8:20:09 PM PDT · by 4buttons · 35 replies
    PowerLine ^ | 4 23 '11 | John Hinderaker
    Spooked by the rising price of gasoline, the Obama administration has responded in its usual fashion: not by trying to solve the problem, but by looking for someone to demonize. We wrote last night about Obama's attack on "speculators;" he has seen political advantage in going after America's oil companies, too:
  • Gasoline and Dollars: Supply and Demand

    04/23/2011 4:49:46 AM PDT · by Scanian · 13 replies · 1+ views
    The American Thinker ^ | April 23, 2011 | Steve McCann
    Gasoline has exceeded or approached $5.00 per gallon in some parts of the United States long before the normal peak travel season has begun. Already the politicians, headline writers, and some cable and talk show pundits are pointing to the usual suspects. But they have avoided or are unaware of where the fault actually lies. One of the foundational tenets of economics is what is known as the law of supply and demand. Normally whenever a product or commodity is in short supply the cost to acquire it increases; on the other hand, if there is a glut on the...
  • Attorney General Holder To Investigate Law Of Supply And Demand

    04/21/2011 3:00:07 PM PDT · by Slyscribe · 41 replies · 1+ views
    IBD's Capital Hill ^ | 4/21/2011 | Sean Higgins
    In a sign of just how frantic and disoriented the White House is over rising gas prices, it announced Thursday that it tasked Attorney General Eric Holder with investigating “potential violations of criminal or civil laws” in the energy markets. In other words, it was making a show about telling Holder to do what is the attorney general’s job anyway. What was conspicuously lacking from the White House announcement was any data that there was any kind of fraud actually being perpetrated.
  • The Importance of traders and the evils of bankers

    02/26/2011 6:14:49 PM PST · by BfloGuy · 5 replies
    The Cobden Centre ^ | 2/18/2011 | James Tyler
    Trade and commerce is the lifeblood of wealth creation. Without specialisation and exchange, we would all starve. You have oranges, I have apples. Individually we are bored, together we have a fruit salad. For specialisation, exchange and commerce to work its magic, firstly we need some common ground: a market. Now, mention that word to a Socialist, and he starts to froth and foam at the mouth. The evil of markets, how the market forces this and exploits that, blah blah. Unfortunately, they are confused. You see a market is just a bit of space, physical or virtual, where people...