Wednesday, March 19, 2008


No wonder our economy is in trouble when idiots like this are considered to be reliable sources of information. Someone needs to buy this fool a dictionary:
"Speculation has dominated oil prices," said Gary Adams, vice chair of oil and gas at Deloitte & Touche USA LLP. "The lower U.S. dollar is driving value. It's leading to a speculation in commodities as a hedge against the falling dollar."
Moving out of a depreciating paper currency (Monopoly money) into physical assets like gold and oil are not speculation; it's self-defense. And the US dollar isn't "driving" anything and certainly not value. Who let this moron out of his padded cell?

He did manage to have one coherent thought: we ain't seen nothin' yet.

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