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- FTSE weakens as U.S. data disappoints
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- Geithner: Tax Code Revamp Could Take Years
This is an interesting piece in the New York Times coming off some potential regulation coming due to the wickedly volatile action in the energy markets [Jun 17, 2009: CNNMoney: Obama v the Oil Bubble] I am sure there are simple solutions such as raising margin requirements and a few other technical items that those more versed in the commodities market could suggest, but since that might curtail profits of those who line the pockets of politicos its going to take a long time to get to that point where any change happens. Until then we'll have oil rocket up as oil tankers sit packed with merchandise the world over as we hear the chants "it's all about supply and demand baby!". I would assume the truth is more along the lines of "supply" of paper dollars thrown into the system chasing after fixed amount of "smallish" markets that are commodities. The wickedly devised ETFs for oil and natural gas also don't help one bit.
Moody's cuts ratings on Italy, Portugal and Spain, Warns UK, France and Austria: Is it Time for a Reality Check?
Dad Shoots Laptop Video Goes Viral on YouTube After Daughter’s Facebook Rant [VIDEO]
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