Monday, December 14, 2015

Futures Exchange to Change Name From "CME" to "Liquidation Station"

"Liquidate labor, liquidate stocks, liquidate farmers, liquidate real will purge the rottenness out of the system. High costs of living and high living will come down. People will work harder, live a more moral life. Values will be adjusted, and enterprising people will pick up from less competent people."
-Attributed to Treasury Secretary Andrew Mellon by Herbert Hoover.
There is serious doubt Mellon ever said such a thing but it reads well.

Current quotes on three commodity futures:

Gold $10.69.20 down $6.50 (.60%)

Crude oil $34.70 down $0.92 (2.58%)

Natural gas $1.8810 down $0.1090 (5.48%)