Monday, June 9, 2008

It's Up! It's Down!

OK, I’m watching the stock market today. It closed with a 400 point loss on Friday, so who knows what will happen this morning? Let’s see…5 minutes into the trading day and it’s up 45 points. Oops! Now it’s down to +16. It’s going to be a long day.

And the basis for all of this profit and loss is oil. I’m going to mention the book, Discovery! once again. It’s a great book if you want to get a handle on the complexities of the Saudi – American relationship. And from what I’ve read and observed (from a distance), the Saudi’s are still entrenched in tribalism and ignorance; just as they were 70 years ago. Wealth does not necessarily bring happiness or equality to a nation.

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