Born into a Big 5 investment banking family, I quit organized financial racketeering to go straight. MacDougal Irving is my Blogger Protection Identity, and I am a retired Certified Public Accountant and, like all of us, a badly misinformed investor. These are my observations on capital market cons as they were explained to me across the dinner table as a kid.
Prize
........... Recipient of the 2010 MacDougal Irving Prize for Truth in Market Manipulation ...........
January 8, 2015
Come on, Lets Put the Horse before the Cart
Here's a piece seemingly assuming that big-time oil trading houses, once again storing bargain-priced crude in tankers, are taking advantage of the crash in that commodity, a take counterintuitive to what in all likelihood has these thieving pigs trashing quotes to begin with, grabbing obscene windfalls first on the short side and now the long. The media version, somehow blaming the Saudis without addressing market manipulation by crime family crews, initially came across as falderal and now makes absolutely no sense at all:
http://www.reuters.com/article/2015/01/08/us-oil-tankers-storage-idUSKBN0KH1M520150108