Re: UNITED AIR LINES TO LAY OFF 950 PILOTS

Larry Dighera wrote:
> I expect to see a lot more of this sort of thing occurring as the
> economy worsens:

Time to burst the speculator-driven oil bubble once and for all:

"NEW YORK (CNNMoney.com) -- The Dow plummeted more than 350 points 
Thursday as selling accelerated following a record surge in oil prices. 
The three major indexes took a beating right out of the gate after 
Goldman Sachs downgraded two key Dow components, and two tech leaders 
disappointed investors."

"Khelil joins a long list of forecasters who have made bold oil price 
predictions this year. Each new forecast—such as Goldman Sachs' recent 
prediction that prices could rise as high as $200—causes a jump in 
prices as speculative buyers are drawn into the market." 
http://www.breitbart.com/article.php?id=D91HU5I81&show_article=1

"WA****NGTON (MarketWatch) -- The price of retail gasoline could fall by 
half, to around $2 a gallon, within 30 days of passage of a law to limit 
speculation in energy-futures markets, four energy analysts told 
Congress on Monday."

So, really, the only thing that's actually driving the cost up today, 
and causing stock market turbulence, is a) the jackass predictions and 
b) the entities "drawn into the market"  Maybe it's time to kill the 
messengers after all.

Naturally, when the bubble finally bursts there will be a whole bunch of 
hand-wringing and pleas for taxpayer-subsidized bailouts, ruined 
retirements funds and calls for Congressional investigation.  But the 
economy will explode as the average American consumer feels as if a 
cru****ng weight has just been lifted from his shoulders.

My rapidly-depreciating .02.

-c