Economy

Warpy

(111,253 posts)

14. Well, DUH. I've been watching this stuff for years.

Mon Jun 4, 2012, 01:06 AM

Jun 2012

The collapse of the mortgage backed securities in the fall of 2007 and the spring of 2008 finally caused them to dump commodities, a large dump across the board that was the first sign of the stock market crash to come.

There is a roll off in commodities across the board right now, with steep drops in oil spot market futures, slight declines in others. I'm beginning to wonder if the whole house of cards of speculative hedging, the unregulated derivatives casino, is about to come tumbling down, and commodities futures are being dumped first to try to shore it up the way they were to try to shore up the disaster mortgage backed securities caused.

I have to hope that is not happening. I really don't want to go through that kind of crash.

I'm glad this stuff is finally coming out in the mainstream press. It's one thing Krugman has been consistently wrong about: the diddling of commodities prices by big investors like banks and hedge funds. Maybe now he'll realize what's really been going on all this time.

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Highlight:

STOCK MARKET WATCH -- Monday, 4 June 2012 [View all] Tansy_Gold Jun 2012 OP

Alternate Cartoon Demeter Jun 2012 #1

Although you can't tell by looking, the Defibrillator on left isn't plugged in Demeter Jun 2012 #2

OK. That made me LOL nt Mojorabbit Jun 2012 #16

Then he needs to set them on HIGH COTTON. nt hay rick Jun 2012 #62

Although for grilled cheese, I mighta used a wool setting. tclambert Jun 2012 #63

Don't laugh. My moher made grilled cheese with the iron and waxed paper Demeter Jun 2012 #64

I saw a lady who did laundry in the dishwasher once. Fuddnik Jun 2012 #65

I washed a baseball cap in the dishwasher once. tclambert Jun 2012 #67

That is what the hospital doctor told Auntie 4 years ago when she went in with blocked circulation kickysnana Jun 2012 #9

Shale Gas Hype: Subprime 2.0? Demeter Jun 2012 #3

Leaked Documents Reveal Major Speculators Behind 2008 Oil Price Shock: Hedge Funds, Koch, Big Banks, Demeter Jun 2012 #5

Well, DUH. I've been watching this stuff for years. Warpy Jun 2012 #14

I remember arguing with PK about this way back in the day.. girl gone mad Jun 2012 #17

That chart makes it look like their long and short positions almost cancel each other out. tclambert Jun 2012 #20

Identity and wellbeing: How retiring makes the unemployed happier Demeter Jun 2012 #4

Spot on! InkAddict Jun 2012 #53

Can Occupy Wall Street Replace the Labor Movement? Demeter Jun 2012 #6

Why People Are Going Nuts Over The New George Soros Speech On Europe FarCenter Jun 2012 #7

The Race to the Bottom Continues---NIKKEI is down like a hole in ground Demeter Jun 2012 #8

Dow futures are down almost 100 points. Pale Blue Dot Jun 2012 #10

Sic transit glorious money. Warpy Jun 2012 #15

They've recovered nicely now, though. S&P and NASDAQ futures in the black. Roland99 Jun 2012 #23

BUT---Oil is down 25% from February Demeter Jun 2012 #45

No one bought the latest Eurobonds rumor. girl gone mad Jun 2012 #11

It's like in the pits Po_d Mainiac Jun 2012 #56

All Asian Indices are puttin' on the Shitz. Fuddnik Jun 2012 #12

Downbound train Fuddnik Jun 2012 #13

This Republican Economy By PAUL KRUGMAN Demeter Jun 2012 #18

God damn it, Paulie, take the fuckin' beans outta your ears Tansy_Gold Jun 2012 #51

Merrill Losses Were Withheld Before Bank of America Deal By GRETCHEN MORGENSON Demeter Jun 2012 #19

Mitt Romney’s Partner in Crime: Ed Conard’s Unintended Consequences By: Dean Baker Demeter Jun 2012 #21

Emerging market central banks sell euros Demeter Jun 2012 #22

lovely morning... xchrom Jun 2012 #24

Here, too Demeter Jun 2012 #27

it's been sweatshirt weather the last couple of days... now back to t-shirts. xchrom Jun 2012 #29

Tommy is in the movie Demeter Jun 2012 #32

oh good -- i'm glad tommy is in it. xchrom Jun 2012 #35

Haven't seen any "Storage Wars". Fuddnik Jun 2012 #46

Hope that it screens out the UV, too, for the sake of your hide Demeter Jun 2012 #47

Acually, I think it lets more in. Fuddnik Jun 2012 #50

Warmer and humid heading your way in about 24 hours. n/t kickysnana Jun 2012 #55

Why People Are Going Nuts Over The New George Soros Speech On Europe xchrom Jun 2012 #25

Portugal passes latest bailout test xchrom Jun 2012 #26

Florida Versus Spain ($ vs Euro) PAUL KRUGMAN Demeter Jun 2012 #28

Spain could see us out of both Euros Demeter Jun 2012 #30

Spain calls for new euro fiscal authority Demeter Jun 2012 #31

Paul Vallely: Spain – too big to fail, not too big to bail Demeter Jun 2012 #33

Spain's Game of Chicken Demeter Jun 2012 #34

Greeks count mental health cost of a country in crisis Demeter Jun 2012 #36

Food Shortage in Peloponnesian Prisons Due to State Budget Cuts Demeter Jun 2012 #37

HSBC Tests Cash Machines in Athens for Drachmas Demeter Jun 2012 #39

History Offers an Ugly Precedent for a Greek Euro Exit Demeter Jun 2012 #40

Odd twist in China stock index evokes crackdown xchrom Jun 2012 #38

Superstition Rules Demeter Jun 2012 #41

Quickstep to restarting reactors SAYONARA, NIPPON Demeter Jun 2012 #42

Merkel steps up opposition to eurobonds xchrom Jun 2012 #43

I'm hungry...got to feed the body as well as the mind Demeter Jun 2012 #44

Cyprus would seek EU bailout money 'if necessary' xchrom Jun 2012 #48

George Soros says three months to save the euro xchrom Jun 2012 #49

Global Banks Cut Lending in Response to Economic Slowdown xchrom Jun 2012 #52

Today's Reports (April US Factory Orders) >>>> Roland99 Jun 2012 #54

Markets slipped on a banana peel on the way to lunch. Roland99 Jun 2012 #57

Greece is out of stock Roland99 Jun 2012 #58

Banks And The "Whole Democracy Thing" In 90 Seconds Or Less DemReadingDU Jun 2012 #59

Give the fairies points for trying Demeter Jun 2012 #60

And Now For Something Completely Different.... Roland99 Jun 2012 #61

Bravo! Bravo! Bravo! Hotler Jun 2012 #66

Isn't that a neat concept? To offer a challenge like that? Roland99 Jun 2012 #68