Trucker-40 --- In the first place, the Glass Steagal act never regulated speculation per se, the act regulated what types of financial institutions or business's could participate in the futures markets and other risky forms of investing. Secondly, the act was repealed in 1999. 1998 marked the lowest oil prices in the last 35 years plus they were the lowest oil prices in history when adjusted for inflation. From 1999 Oil prices averaged between $15.00 and $25.00 per barrel until mid 2003 when the price breifly hit $30.00 only to decrease back to $25 - $27.00 until the fall of 2004. Thats 5 1/2 years of documented low prices after the repeal of glass steagal. Crude prices shot drastically up from the fall of 2004, what party took control of congress in the fall of 2004? Fox news did not tell me any of this, this is all historical record.Google monthly crude oil price chart.
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Today's Featured Article - What Price Enthusiasm? - by Anthony West. Quite frankly, for some time now restorers like myself have become more and more concerned about the rapid increase in the prices of old farm machines here in England. There is now a growing market for "As found" machines. Which as machines get rarer, has found the birth of a new industry....one of the "procurement agent". These agents appropriate as much old machinery as possible then inflate prices at auctions. So at what price enthiusiasm? We are now seeing poor machines which 3 years ago ma
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