Oil closed today at about 101$ … on March expiration only … April contract is still below 100$ As OPEC always states, markets are well supplied … they even sell their oil at a discount as otherwise they could not sell it. Financial speculation drives prices … some analyst think, that about 30$(!) of the [...]
Fed sparks interest rate fantasy again … inflation does not matter to them at the moment … As current inflation is already higher than interest rates, bonds rather act as a hedge to equities only. Fed revised economic forecast by 0.5%, still going for 2008 growth up to 2% … hope they will not have [...]
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