New video: History's Worst President

[RiversideGator]

Isnt that the crazy Greek woman who used to be a "conservative" Republican and who was married to a gay Senate candidate in California who then switched sides when she realized she could make more money off of guilty billionaire limousine liberals?  I am not sure I would use her as my guiding light.   

Translation: I don't agree with her, and besides she has a ferrin' accent, so she's crazy and stupid.

If you dont think her life story is bizarre, you havent been paying attention.  Nice attempt to "translate" though.   

[RiversideGator]

It takes all kinds.   

[RiversideGator]

Certainly, if prices continued to go up it would cause dislocations but I expect them to come down.  Indeed, they are already declining significantly:

Oil Falls as Dollar Gain Causes Investors to Sell Commodities

By Christian Schmollinger

May 2 (Bloomberg) -- Crude oil fell for a fourth day as the dollar rose limiting investment demand for commodities and easing inflation concerns, and as output in Nigeria, Africa's largest producer, resumed after a strike.

Oil has declined 6.6 percent from a record near $120 a barrel as the U.S. dollar index, a measure of six currencies, is near a seven-week high. Gold has plunged 18 percent from its all-time high of $1,032.70 an ounce on March 17, erasing most of this year's gains. Exxon Mobil Corp. workers in Nigeria, the fifth-largest exporter to the U.S., ended their strike yesterday.

``The demand for investing in commodities as a hedge for U.S. dollar weakness has faded,'' said David Moore, a commodity strategist at Commonwealth Bank of Australia Ltd. in Sydney. ``Several unexpected supply disruptions are being resolved so that's taken some of the immediate tension out of the market.''

Crude oil for June delivery fell as much as 67 cents, or 0.6 percent, to $111.85 a barrel in after-hours electronic trading on the New York Mercantile Exchange. It was at $111.91 a barrel at 11:09 a.m. Singapore time. Futures, which have gained 76 percent from a year ago, touched $119.93 on April 28.

The dollar traded at $1.5465 per euro at 11 a.m. in Singapore from $1.5474 yesterday, when it touched $1.5431, the highest since March 25. The U.S. currency headed for its first back-to-back weekly gain this year against the euro on speculation the Federal Reserve will stop cutting borrowing costs.

``Worries about the financial market turmoil and even an economic slowdown seems to be softening, so that's why people are selling gold,'' said Tetsu Emori, fund manager at Astmax Ltd. in Tokyo. ``They are moving their money to financial markets and that's why the commodities have dropped sharply.''

Brent, Gold

Brent crude oil for June settlement declined as much as 59 cents, or 0.5 percent, to $109.91 a barrel on London's ICE Futures Europe exchange. It was at $110.15 at 10:51 a.m. Singapore time. The contract dropped 86 cents, or 0.8 percent, to $110.50 yesterday, the lowest close since April 14. It reached a record $117.56 on April 25.

Gold fell below $850 an ounce yesterday for the first time since Jan. 2 to as low as $847.93 an ounce. Bullion for immediate delivery was down 0.3 percent at $850.31 an ounce at 9:02 a.m. in Singapore. Silver was unchanged at $16.19 an ounce.

The falling dollar and higher world demand for raw materials have led to records this year for commodities including gold, corn, soybeans and rice. The UBS Bloomberg Constant Maturity Commodity Index, which tracks 26 raw materials, fell 2 percent to 1450.805 yesterday. The index is up 29 percent from a year ago.

http://www.bloomberg.com/apps/news?pid=20601087&sid=a9sRCEZonPAQ&refer=home

[Midway ®]

You know this post from your linked site is just too funny:

Reminds me of Mr. Burns at the Post Office:

"Yes, I'd like to send this letter to the Prussian consulate in Siam by aeromail. Am I too late for the 4:30 autogyro?"

And about all the prices coming down, better look at the next bloomberg article, which I have been so kind as to post on this very site at:

http://www.metrojacksonville.com/forum/index.php/topic,2187.0.html

And thanks for posting, because I forgot all about this thread, being busy listening to River solve global warming and all.

This is the perfect home for all of those screamingly funny Bush videos.

[JaguarReign]

IMO, Carter was by far the worst president. The Oil crisis, the joke that was the Camp David Accords, and the Iran hostage affair made the US a laughing stock. Carter was an idiot and still is an idiot who doesn't seem to understand foreign policy in this world. Many people complaign about Nixon, but at least he got us out of Vietnam and did well lin foreign relations with China. It's too early to rate George W's presidency because of all the emotion invovled by all parties. We should give it at least a decade before any accurate assessment of Bush's presidency. 

[Charleston native]

Well said, JaguarReign. Welcome to MetroJax, BTW!

[JaguarReign]

Thanks for the warm welcome. 

[Driven1]

is this early to mid march again???  i remember the "commodity bubble" was busting then as well. 

[RiversideGator]

Dont you know Driven1?  Commodities can never go down in value.  Just like real estate.   

[mikew]

Isnt that the crazy Greek woman who used to be a "conservative" Republican and who was married to a gay Senate candidate in California who then switched sides when she realized she could make more money off of guilty billionaire limousine liberals?  I am not sure I would use her as my guiding light. 

Arianna is hardly crazy, although she is Greek.  And she did used to be a 'conservative' republican, but she grew up.

Actually, it works the other way around.  Young people who don't know any better vote Democrat.   Then they get jobs, pay taxes, get married, have kids...and vote Republican.    The demographics of this election prove it.

[RiversideGator]

Isnt that the crazy Greek woman who used to be a "conservative" Republican and who was married to a gay Senate candidate in California who then switched sides when she realized she could make more money off of guilty billionaire limousine liberals?  I am not sure I would use her as my guiding light. 

Arianna is hardly crazy, although she is Greek.  And she did used to be a 'conservative' republican, but she grew up.

Actually, it works the other way around.  Young people who don't know any better vote Democrat.   Then they get jobs, pay taxes, get married, have kids...and vote Republican.    The demographics of this election prove it.

Surveys clearly show this.

[RiversideGator]

Hmm. I dont know.  I havent had a lot of jobs, but the taxes have been pretty high.  Got married divorced, then had kids.   I voted Republican most of my life, but I will proudly be voting democrat this election.

You have biological children, Stephen?