I like to call this post - STUFF I DON'T UNDERSTAND. Coffee futures. Huh? Stock charts make my head literally explode. But I do know the cost of coffee is going up, so I have a consulted a masked blogger to find out why. Well, that's not entirely true. I received this email in a random Caffeine Induced Rage from masked blogger, and thought I should share what happens when people who understand stock charts are not able to purchase their cup of liquid stress at a reasonable price. ...And it looks like a bloody good reason for why the price of coffee is going up.
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Check it:
http://stockcharts.com/h-sc/ui?s=%24djakc
Top left corner. It's COFFEE. Or more accurately, coffee futures. If you change it to a weekly chart from a daily chart and hit update, it will show you that the price of coffee has doubled in a year. Why is that, you ask? The answer is POMO.
POMO ---------> http://www.zerohedge.com/article/wonder-why-market-just-surged-one-word-pomo
The US Fed is printing money, delivering it to day traders in the big US banks, who are speculating on the stock market and driving up the cost of commodities. Coffee is a commodity. As a result, the coffee makers like Gloria Jeans have to buy POMO inflated coffee, and they pass that on to you each morning, in a more expensive cup of coffee.
OMG YOU YELL WHY IS THE FED DOING THIS TO ME????
a) To help get Obama re-elected in 2012 by rigging the markets.
b) To stop the world from collapsing into an apocalyptic dystopian hell as a result of a global market crash, by rigging the markets.
c) To help all their banker mates get rich by rigging the markets.
d) They think ordinary people are too stupid to notice the market is rigged and will put all their money in shares [see reasons a) b) and c) above]
e) They hate coffee.
f) They like Las Vegas. Wall Street should be more like Las Vegas Y/N?
g) All of the above.
All I know is that my coffee went up from $2.90 today to $3.20 and I'M NOT HAPPY JAN.
Hello! I'm a freelance writer from Australia. My writing interests include lifestyle, travel, culture, politics occasionally, animal conservation, and I have a keen interest in profiles and features.
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