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“The Oil Price Really Is A Speculative Bubble”
- R.S; cheapest generic cialis online.Eckaus
- Professor of Economics Emeritus
- Massachusetts Institute of Technology (MIT)
- Center for Energy and Environmental Policy Research (CEEPR)
- June 13, 2008
Click the hyperlink below to read the study.
11 pages long and well worth it.
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“The difference this time, however, is that even before it bursts, this bubble is causing economic discomfort for households and businesses around the world, and misery for hundreds of millions of hungry people who suddenly cannot afford a bowl of rice or scrap of meat.” Click for Article
- Now, a Commodities Conundrum
- Steven Pearlstein
- Washington Post
- April 30, 2008
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“‘ Cialis viagra on line: you have a generalized commodity bubble due to commodities having become an asset class that institutions use to an increasing extent,’ Soros said today at an event sponsored by the Centre for European Policy Studies in Brussels.” Click for article
- Soros Says Commodity `Bubble’ Still in `Growth Phase’
- Saijel Kishan and John Rega
- Bloomberg
- April 17, 2008
George Soros is at a stage in his career where he can call it like he sees it.
UPDATE: In April when Soros made this call WTI crude oil was trading at around $115 per barrel. Since then WTI crude oil has spiked to $145 and now has fallen back below $110. Seems like Soros was dead right!