{"id":196207,"date":"2008-05-16T05:11:00","date_gmt":"2008-05-16T10:11:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2008\/05\/16\/finding-a-solution-and-applying-it-to-narrowly\/"},"modified":"2008-05-16T05:11:00","modified_gmt":"2008-05-16T10:11:00","slug":"finding-a-solution-and-applying-it-to-narrowly","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2008\/05\/16\/finding-a-solution-and-applying-it-to-narrowly\/","title":{"rendered":"Finding a Solution, and Applying it to Narrowly"},"content":{"rendered":"<p>In looking at the role of speculation on oil prices, a <a href=\"http:\/\/money.cnn.com\/2008\/04\/03\/news\/economy\/senate_oil_prices\/\">Senate committee is looking at increasing margin requirements<\/a>:<\/p>\n<blockquote style=\"color: rgb(0, 0, 153);\"><p>&#8220;I think there&#8217;s an orgy of speculation that we ought to be deciding to do something about,&#8221; said Sen. Byron Dorgan, D-North Dakota.<\/p>\n<p>He and others raised the idea of changing the margin or amount investors must pay up front in order to engage in oil speculation. It would be a hugely significant change in financial markets. Dorgan said stock speculation requires a 50% margin, but commodities like oil demand a much lower threshold, just 5% or 7%.<\/p><\/blockquote>\n<p>If you look at the credit crunch generally, the real problem is excessive leverage.  Margins should be raised to the 75% range, where they were for stocks before the Fed cut them around 1980, and they should be applied to all investments.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In looking at the role of speculation on oil prices, a Senate committee is looking at increasing margin requirements: &#8220;I think there&#8217;s an orgy of speculation that we ought to be deciding to do something about,&#8221; said Sen. Byron Dorgan, D-North Dakota. He and others raised the idea of changing the margin or amount investors &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[998,1004,985],"tags":[],"class_list":["post-196207","post","type-post","status-publish","format-standard","hentry","category-congress","category-finance","category-regulation"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/196207"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=196207"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/196207\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=196207"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=196207"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=196207"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}