The Truth Behind the Headlines
789 views | +0 today
Follow
Your new post is loading...
Your new post is loading...
Scooped by Tom Luongo
Scoop.it!

Drought in U.S. Has Futures and Obama’s Dander Up | stockpricetoday.com

Drought in U.S. Has Futures and Obama’s Dander Up | stockpricetoday.com | The Truth Behind the Headlines | Scoop.it

Corn, Wheat and Soybean futures are all hanging around near all-time highs. Corn has been the single best investment of the past 5 years, followed very closely by Gold (AMEX:GLD). But, somehow, because farmers are losing crops due to the drought and those that haven’t are securing record prices, and presumably solid profits as a result, American taxpayers need, in Obama-world, to transfer even more of their wealth to these people because of the vagaries of Mother Nature.

more...
No comment yet.
Scooped by Tom Luongo
Scoop.it!

CME to Raise Oil Margins and Re-Elect Obama | stockpricetoday.com

CME to Raise Oil Margins and Re-Elect Obama | stockpricetoday.com | The Truth Behind the Headlines | Scoop.it
Hat tip to Zerohedge who noted that the CME (NYSE:CME) Group is raising margins on oil futures contracts 3.7% now that Brent Crude is solidly back above $110...
more...
No comment yet.