Korean Job Discussion Forums

[itaewonguy]

is now the time to buy futures?

anyone think it will go back to 100 or 150? if you can predict this you can make a killing!!!!

[Milwaukiedave]

What did it top out at?

I think if we knew the answer to that, we'd all be making some money off of it. It's kind of the same thing as the exchange rate between the dollar and the won.

Is gas still above $4 a gallon back home? Anyone know?

Some how I doubt we'll be seeing the prices of gas going down anytime soon.

[mises]

OPEC apparently won't defend strongly anything over 60$ until the global recession has passed us by.

Expect a significant drop in oil prices in the next couple days as hedge funds unwind their leverage in the market. Yesterday, oct 15th, is the only day in a year that a client can recover his investment with a hedge fund and many are expected to see a run on their capital. This will cause deleveraging, and it was excess leverage that drove oil prices up.

[sojourner1]

Wow, gas prices at home have deflated big time. It's only $2.79 a gallon! That's more appropriate; not $4. I was paying $3.90 just 5 months ago when home!!!

They had to do something as most Americans are not seeing their boats lifted these days. The only lifting they've had before in recent times is with credit, but that spelled big trouble. We need good jobs. I can't say it enough. While $3.90 is cheap compared to global retail prices, it's too hard for a struggling American consumer making only $8/hour with no benefits. Sure it's $10 a gallon in Europe, but they have higher pay, more career opportunities, and more social benefits than we do.

Prices were only excessively high due to speculation; not demand or supply issues. No stable market or society sees inflation by hundreds of percent in a year or two like we just did. I hope the greedy bastards lose this game that's costing us all so much; our livelihoods. I hope they lose all their money in the bank due to running speculation and Employee Stock Ownership into the ground. The financial markets and economy are rigged and manipulated by those rich guys with insider knowledge. I hope they lose and their kids suffer and they feel guilty from all the wrong doings on their part. You can bet they''ll run things into the ground until a great crash occurs. It's the rise and fall of a great civilization we're witnessing. It's human instinct to take advantage of the disadvantaged until you can no longer possibly do so. This means big trouble on the horizon.

This model is not working for most people today. Too bad it's not a day of exciting new opportunities in a massive growth cycle. I want to live in a truly exciting time in a truly exciting industry to just make it no less than the best possible.

[mises]