"JoeSpareBedroom" wrote in message
...

Even if, in a perfect world, there were no currency fluctuations, oil
prices would be bounced around by investors who haven't got a clue about
the physical realities of the oil markets. "Oil jumped a dollar a barrel
today in trading, on fears of renewed violence in Baghdad". Excuse me?
Violence in Baghdad, in a country which statistically speaking provides
little or no oil?

This is the same reason tech stocks all take a dive when one of them
announces low earnings. It's bull****. "on fears of"

In a perfect world there would be little speculation due to stability, and
prices would be rather constant. Liquidity of mortgages and bonds would not
be in a crunch. Investors would be happy with a 3-4% return. But for that
to happen the government needs a balanced budget with a **zero** increase in
money supply. Not going to happen any time soon.