|
| MGE won't change delivery rules-good!! The way it should be.
July corn in 1973 expired with a dramatic one day explosion. Shorts couldn't deliver. The longs expected delivery, shorts couldn't provide, they paid the price.
Again, we are re-adjusting in response to pent up economic mismanagement. There are at least 100X more dollars (MAYBE A LOT MORE AS I HAVE NOT SEEN RECENT DATA) outside the usa versus the 1973-74 period.
The USA has been spreading paper all around the world for a long time. It is a free market, in previous recent times, the US Treasury encouraged quite a few to return as stock market investments...while I am sure that will continue...potential commodity shortages seem more appealing.
There will be a top, but no one knows where.
The most important thing is to prepare for a large re-adjustment in everything...benchmarks are being re-written.
Plus, citizens have to be more concerned about whom calls the shots in government.
I hesitate here a bit here...a fellow I know--has a long history in industry & was a long ago NYSE member.....remarked casually one day about a fellow sitting in a cabinet position in recent times....said "I worked for that fellow, was his right hand man....in a fortune 500 setting....dumb as a rock. Inherited all his money, position and those of us on his staff kept him out of one bad deal after the other & NOW THIS GUY IS IN OUR GOVERNMENT!!!"
Ride with it....be alert...life will go on and enjoy the moment.
Edited by SeniorCitizen 2/6/2008 13:39
| |
|
Re-Adjustment
