Hellberta: The speculation about speculators speculating about oil price

It’s becoming a recurring theme to blame the high oil price on “speculators”. This of course implies some sort of clear distinction between someone legitimately purchasing oil contracts or someone purchasing or selling them purely for profit. There is of course a difference. You might call the first one a country or a company. You ...

Hellberta: February mid-month round-up: Greece burns, Alberta gambles & Canada trades soul for Pandas

Well it would appear that China has finally found a spot to park it’s unwanted USD. That would be here in good old Canada and all it cost them was leasing us two Pandas. What a deal! Back in 2011 I wrote a quick post about why Canada’s economy is good, bad and bullshit. A ...