I smell a new record!!!
Up on ebay right now: http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&rd=1&item=110255420585&ssPageName=STRK:MEBI:IT&ih=001
Can't imagine what it'll go for
Can't imagine what it'll go for
Comments
I have a feeling more than a lot of people are going to be in dip shit by the end of the year. People are spending like crazy and not just on video games. I think were getting ready to go over the edge especially if gas hits 5.00 dollars.
I would like to agree with you but that won't be the case. Most of these bidders are from overseas and with the dollar as weak as it is these games are very good deals for foreigners. So, we lose, they win. Suck it up
I have a feeling more than a lot of people are going to be in dip shit by the end of the year. People are spending like crazy and not just on video games. I think were getting ready to go over the edge especially if gas hits 5.00 dollars.
$5 a gallon? we are at 4 now on memorial day. we will be hitting $5 by august, then it will keep going up from there. jim cramer sees the ceiling at around $8 or $9... all i gotta say is that i hope the government raises the mileage rate soon!!! its at 50.5 cents a mile now, but thats not really cutting it! it needs to be around 75 cents a mile with these terrible gas prices.
Read this. On the recent rise commodities prices
Testimony of
Michael W. Masters
Managing Member / Portfolio Manager
Masters Capital Management, LLC
before the
Committee on Homeland Security and Governmental Affairs
United States Senate
May 20, 2008
Good morning and thank you, Mr. Chairman and Members of the Committee, for the invitation to speak to you today. This is a topic that I care deeply about, and I
appreciate the chance to share what I have discovered.
I have been successfully managing a long-short equity hedge fund for over 12 years
and I have extensive contacts on Wall Street and within the hedge fund community. It is important that you know that I am not currently involved in trading the commodities futures markets. I am not representing any corporate, financial, or lobby organizations. I am speaking with you today as a concerned citizen whose professional background has given me insight into a situation that I believe is negatively affecting the U.S. economy. While some in my profession might be disappointed that I am presenting this testimony to Congress, I feel that it is the right thing to do.
You have asked the question
When Congress passed the Commodity Exchange Act in 1936, they did so with the understanding that speculators should not be allowed to dominate the commodities futures markets. Unfortunately, the CFTC has taken deliberate steps to allow certain speculators virtually unlimited access to the commodities futures markets.
The CFTC has granted Wall Street banks an exemption from speculative position limits when these banks hedge over-the-counter swaps transactions. This has effectively opened a loophole for unlimited speculation. When Index Speculators enter into commodity index swaps, which 85-90% of them do, they face no speculative position limits.
The really shocking thing about the Swaps Loophole is that Speculators of all stripes can use it to access the futures markets. So if a hedge fund wants a $500 million position in Wheat, which is way beyond position limits, they can enter into swap with a Wall Street bank and then the bank buys $500 million worth of Wheat futures.
In the CFTC
I have a feeling more than a lot of people are going to be in dip shit by the end of the year. People are spending like crazy and not just on video games. I think were getting ready to go over the edge especially if gas hits 5.00 dollars.
$5 a gallon? we are at 4 now on memorial day. we will be hitting $5 by august, then it will keep going up from there. jim cramer sees the ceiling at around $8 or $9... all i gotta say is that i hope the government raises the mileage rate soon!!! its at 50.5 cents a mile now, but thats not really cutting it! it needs to be around 75 cents a mile with these terrible gas prices.
Ill be curious to see how many people will be buying games when it costs 10 to 15 dollars to send a single game from one cost to the other.