After 11 straight quarters of declining sales, they tick up for the wrong reason, and net profit plunges nearly 30%. But no problem. “I’m very pleased with the progress we’ve made,” bragged CEO Meg Whitman.
Oil markets were dominated by Morgan Stanley, Goldman Sachs, JP Morgan, and other investment banks with their own proprietary trading operations and an army of participants on both sides of the trade. But now they’ve abandoned the oil market.
The same people who almost destroyed the global economy with their financial toxins and who corrupted the basic pricing mechanism of just about every commodity market will be entrusted to determine the price of the water.
