Whatever, this is a very simplistic view of the market and why we are where we are now. You fail to take into account the global market, the relative strength of the US dollar, or the job market, or any other of the myriad of factors.
Sure it's a cycle but NOBODY can predict it, if somebody could they would corner the market and honestly run the economy into the ground.
Reread your textbooks and market history, dude this is the REAL world we are talking about. There are people without jobs and oil IS driving the price of consumer goods up, shouldn't this be reason enough for the government to intervene?
If you are so sure about your opinion why not post and say who you are?
To all the people who decry this as not being "news for nerds", there are econ and poly-sci nerds out there. In the words of my "Good" "Anonymous" "Friend". Don't believe the "Hype", this is a issue where the government should intervene, and Nancy has decided to take the weak road out and fall back on house rules to prevent a vote. We are a democracy, it's all about the votes.
The simple fact of the matter is that we are in a recession phase of the economic cycle. The key word being cycle, we will come out of it, the fact of the matter is that the current recession is more influenced by the credit markets than oil which in this case the rising prices (of commodities) were more of a flight to safety/quality than anything else thus they are more of a lagging indicator of the markets.
We need more oil now is moot as it won't turn around the cycle, who really to blame the American people who have simply used credit unwisely by taking on more debt than they can handle.
I for one applaud the Democrats, for not panicking and allowing business to proceed as usual, it's a recess not a vacation. Don't believe the hype.
Maybe when the country is headed full-force into a recession, it's not time for a 5-week vacation when there are laws to be passed. It's time to roll up the sleeves and get to work. The United States isn't ok right now. It's fragile and crumbling. Those elected officials want to spend their August kicking up their shoes when unemployment is at an all-time high?
The Republicans are acting childish. It reminds me of what I would see in highschool when the teachers would strike -- but the Democrats are running away from the problems that need to be solved. It's their job, and it's not done yet, so they deserve no recess in August, no matter how long they've planned it. This isn't a retail job at Wal-mart where the company will be ok if one worker leaves for 6 weeks.
But after everything is said and done, after seeing at least 4 major laws passed that grossly violate the constitution in the last 2 weeks, it's almost a reprieve to see them out for a few weeks. The only reason I'm sure they don't use the constitution as toilet paper is because some of them would actually read if that were the case.
The reason one must disclose this information is probably due to SEC/NASD Compliance issues. It is more than likely going to be used to control what is known as "material inside information". In short, to control insider trading. You can be an insider without working for a company just being related to someone inside a company (or being friends with for that matter) can put you in this class.
As an example, say that your spouse is working for company X and your company Y is going to come to market with a breakthrough product. If company X buys stock in company Y based upon a tip from your wife, this is Illegal and should this be investigated by the SEC the company can provide this information to the SEC and protect it's self and the sec gets it's man (or woman) who leaked "material inside information".
Just a company protecting it's self from possible legal hassles.
Slashdot Mirror
Whatever, this is a very simplistic view of the market and why we are where we are now. You fail to take into account the global market, the relative strength of the US dollar, or the job market, or any other of the myriad of factors.
Sure it's a cycle but NOBODY can predict it, if somebody could they would corner the market and honestly run the economy into the ground.
Reread your textbooks and market history, dude this is the REAL world we are talking about. There are people without jobs and oil IS driving the price of consumer goods up, shouldn't this be reason enough for the government to intervene?
If you are so sure about your opinion why not post and say who you are?
To all the people who decry this as not being "news for nerds", there are econ and poly-sci nerds out there. In the words of my "Good" "Anonymous" "Friend". Don't believe the "Hype", this is a issue where the government should intervene, and Nancy has decided to take the weak road out and fall back on house rules to prevent a vote. We are a democracy, it's all about the votes.
The simple fact of the matter is that we are in a recession phase of the economic cycle. The key word being cycle, we will come out of it, the fact of the matter is that the current recession is more influenced by the credit markets than oil which in this case the rising prices (of commodities) were more of a flight to safety/quality than anything else thus they are more of a lagging indicator of the markets.
We need more oil now is moot as it won't turn around the cycle, who really to blame the American people who have simply used credit unwisely by taking on more debt than they can handle.
I for one applaud the Democrats, for not panicking and allowing business to proceed as usual, it's a recess not a vacation. Don't believe the hype.
Maybe when the country is headed full-force into a recession, it's not time for a 5-week vacation when there are laws to be passed. It's time to roll up the sleeves and get to work. The United States isn't ok right now. It's fragile and crumbling. Those elected officials want to spend their August kicking up their shoes when unemployment is at an all-time high?
The Republicans are acting childish. It reminds me of what I would see in highschool when the teachers would strike -- but the Democrats are running away from the problems that need to be solved. It's their job, and it's not done yet, so they deserve no recess in August, no matter how long they've planned it. This isn't a retail job at Wal-mart where the company will be ok if one worker leaves for 6 weeks.
But after everything is said and done, after seeing at least 4 major laws passed that grossly violate the constitution in the last 2 weeks, it's almost a reprieve to see them out for a few weeks. The only reason I'm sure they don't use the constitution as toilet paper is because some of them would actually read if that were the case.
The reason one must disclose this information is probably due to SEC/NASD Compliance issues. It is more than likely going to be used to control what is known as "material inside information". In short, to control insider trading. You can be an insider without working for a company just being related to someone inside a company (or being friends with for that matter) can put you in this class.
As an example, say that your spouse is working for company X and your company Y is going to come to market with a breakthrough product. If company X buys stock in company Y based upon a tip from your wife, this is Illegal and should this be investigated by the SEC the company can provide this information to the SEC and protect it's self and the sec gets it's man (or woman) who leaked "material inside information".
Just a company protecting it's self from possible legal hassles.
How do I know this?
NASD Series 7 and 63 Licenses