Well, there's no question that the law passed in 1996 was flawed. It deregulated the wholesale market, meaning the price that the utilities had to pay energy companies for power, but not the retail market.

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So it was flawed in that it didn't require California to have a first claim on the power plants. It deregulated part of the market, but not all of the market.

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I mean, our primary businesses in wholesale pipelines, utilities, retail, were all doing extremely well.

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Food Left To Rot

market price
market fixed
market profit

not worth picking
costs more picking
than sold price paid

never fruit picked
never taste eaten
never starving fed

global waste sickening


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I think the market is always going to be around. The goal is not to say, let's get rid of the market, because the market does render a huge number of services, and I don't want to have a fight about the price of something every time I buy a book or a bottle of water.

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There is abundant proof that the opening of our ports always tends to raise the price of foreign corn to the price in the English market, and not to sink the price of British corn to the price in the continental market.

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Here is my general approach to the energy companies. You have already charged the utilities a 50 percent credit penalty for the power they were buying from you. You're charging us a penalty. You're not going to get two bites of the apple here.

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Ian The Palladium Demon Transports Into An Angel Of Light

Preacher praying-mantis
feeding springy before palladium
buying plying pliable plebeian
demand corpse plight medium

bearish plead plausible plastic
bought corpulent corpuscle ingested
inodorous inoffensive inoperative amounts
inquested ingested inquisition indictment.

Inlet inmate structural deficit decoy buy input
myth surplus succumbs as succulently sucked.
Tearing torn lion’s share profit festering festive
market reality competitors flesh fidelity defiled.


Copyright © Terence George Craddock
Written in September 1996 on the 29.9.1996.12
Alan Williamson, an analyst for HSBC in 2003, made a bearish prediction concerning Russian PGM Stocks. To quote Williamson, the 'palladium market, where the fundamentals of the market look almost unreservedly grim, ...We expect the market to move into structural oversupply, with ongoing downward pressure on prices. This bearish inaccuracy was due to the Russian government dumping large amounts of a Soviet Era palladium stockpile onto the global market. In reality Russian dumping masked the real market fundamental, which is a structural deficit, not a surplus of palladium. The Russian stockpile will soon be exhausted, existing mine production and recycling will not meet existing industry demand for palladium. “Emerging new demands in areas like palladium jewelry, fuel cell for mobile electronic, and even cold fusion, will create an even more acute shortage situation, ... driving the future palladium price to an exponentially increased purchase price.

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Oh Mr. Bernanke!

Oh Mr. Bernanke
Are we going to have that Rate-cut today?
Aha, you are the candy-man
Could wave your wand
Make the dying Market stand.

Ah, but it ain’t working anymore
The Market is a falling man
Oh Mr. Bernanke
You wave your wand
But it’s fallen over the stands!

Oh Mr. Bernanke
Swayed the Market just your own way!
But banks aren’t making money
The cuts to them are one too many
Candy-man, the Market won’t stand!

Got my only heifer and sacrificed
At the altar of Dow and Nasdaq, paid a high price
The Dow, oh it fell through the Year’s low
Now here I come, Candy-man
Look through your store
We need something more!

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Energy companies, such as Chevron and Shell, and oil producing countries, such as Kuwait and Venezuela, pump crude oil from their vast land holdings and sell it on the world market.

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The Price Of The Cock

THE PRICE OF THE COCK

A WOMAN STOLE A COCK AND TOOK IT TO THE MARKET TO SELL IT, WHILST AT THE MARKET, SMARTER THIEVES STOLE THE COCK FROM HER AND SHE WENT BACK HOME SOBER!
ON HER ARRIVAL AT HER HOUSE, AN INQUISITIVE NEIGHBOUR ASKED, DEAR NEIGHBOUR, YOUR COCK WHICH YOU TOOK TO THE MARKET, HOW MUCH DID YOU SELL IT? SHE ASKED AND THE SOBER WOMAN REPLIED, IT WAS SOLD FOR EXACTLY THE SAME PRICE FOR WHICH IT WAS BOUGHT!

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The stock market can be down, but the stock market is not an indication of where people's spirits and enthusiam are, and where their intellectual energy is.

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The Sailor and the Market Man

'I ask you to see reason'
Says the sailor who is stern;
'You know full well that from the sea
A living I must earn;
I'll bother you to shake on it,
I haven't got all day;
Come on now make your mind up,
It ain't a lot to pay! '

'My friend, your price is far too high'
The market-man declares,
'Go find another buyer now
Who'll rid you of your wares.
I know the fish you bring to sell
Are fat and fresh and sound,
But I must make a living too
By watching every pound.'

The sailor and the market-man
They argue every day,
As if there's no tomorrow,
And each must have his say.
The sailor and the market-man
At odds they'll always be,
Until they've taken all
The little fishes from the sea.

Written Dec 1994

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The first principle of the market economy is that it is comprised of many small buyers and sellers, which implies a substantial degree of equity. Another fundamental market principle is that costs are internalized in the producer's price.

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The big companies are like, It's so good but we don't know how to market it.

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Surroundings-3

In The Farmers' Market


Fresh and fruity they
Need of the public rightly
Yield from the field straight
Right measure, right cost, right sale
Retail chucked, happy bagful

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You can only cure retail but you can prevent wholesale.

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Most larger companies now see that for the market to grow, Web infrastructure must be royalty-free.

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India has the unique advantages of having the biggest domestic market and this should support IT companies.

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U.S. companies rely on the European market for more than half of their global foreign profits.

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Well, actually, I had been working as a consultant to former companies of Enron, or predecessor companies of Enron and, so, I joined in 1990 to really start our wholesale merchant business.

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