Even if the US economy really takes off in 2013, don`t look for oil and gasoline demand to overtake supply in the equation.
Enjoy your job in North Dakota while you can as in four years, those shale oil projects are no longer sustainable.
Think consumers paid enough from higher interest Libor rate rigged by banks? Small case compared to the rigging in the oil and gasoline markets.
The University of Texas Football Program is not getting a positive return on their investment in the head coach.
Right now the world produces more Oil than it consumes each day, and it has for the past 16 months, this trend will only get worse in 2013.
When push comes to shove, China still has the bigger gun over Japan on many other levels, and the U.S. most likely has to at least sit in the bed it’s made so far.
The divergence in crude oil and gasoline supply fundamentals could mean not even an SPR oil release, unilateral by the U.S. or not, would significantly bring down gasoline prices as people might expect.
The real damage came before the actual announcement as like most things on Wall Street inside information runs rampant when so much money is involved.
Although the supply and demand factors do not seem to support the current price levels, there are plenty of other events to sustain and add premium.
The conditions are dramatically different from the first two QE initiatives in regards to Pre-Conditions or available flexibility to undertake an asset raising initiative.
Sugar pill will not last long.
Monetary policy typically has little direct impact on the labor market, but Dual Mandate most likely will continue to force Fed's hand into the futile unemployment-QE cycle.
Expect much higher volumes on Thursday, Aug. 16, with some key levels tested in some pivotal markets.
A conference presentation by EconMatters in Ontario, Canada on August 14, 2012
The market has screamed loud and clear what the tangible results of the QE3 program are even without ever being implemented.