Record cold and record demand are playing havoc in certain spot markets, driving markets crazy. Natural gas prices are rising and big swings in heating oil futures as the market tries to balance strong demand with supply.
For those that have doubted the impact that the Federal Reserve has over commodity prices, last week's action should put those arguments to rest. The funds went flying out of oil as the Fed started to be more specific on tapering.
In January 2008, President George W. Bush was scrambling to bolster the American economy. The subprime mortgage industry was collapsing, and the Dow Jones industrial average had lost more than 2,000 points in less than three months.
The Washington Post reported today that commercial banks and investment institutions are shifting their political donations towards Republicans. Apparently Democrats were garnering two-thirds of those ...