Quote:
Originally Posted by teomaxxx
Now everyone and his gradmamma are speculating in oil on futher dollar debasment.
This is what you got, when you have FED and Treasury trying by low interest rate policy, to bailout wallstreet banks, without any respect to average Joe, while those yet to bankrupted banks are trying now to get out of their own mess by playing a commodity boom too..
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GS just posted outstanding ER today. They made money most money as follows :
* betting on oil
* underwriting fees for under-capitalized banks
* reduced taxes
while GS is not BK candidate , I bet every other IB is trying to do the same, betting on commodities, since in current market its one of the last places where money can be made.