Good analysis of why financial markets believe Senator McCain will win in '08:
http://www.financialsense.com/fsu/editorials/danielcode/2008/0828.html
Just before the '06 elections, mostly for Representatives, Goldman-Sachs manipulated the unleaded gasoline futures markets so that gasoline prices dropped sharply, but temporarily. This effectively removed the economy as an issue in that election period, leaving the "Wars" in Iraq and Afghanistan as the main issues. This time around, it looks as though the Powers That Be are again manipulating the markets to keep the economy out of the picture - oil and gas are cheaper, the dollar is stronger, gold and silver and other commodities are lower, and the media "talking heads" are chanting in unison that the economy, exports, and GDP are doing much better. Mr. Needham in the above commentary suggests that this is temporary again.
Keep your eyes and mind open.
Mike Childress
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment