2008-05-28washingtonpost.com

"the excess credit that financed mortgages and corporate takeovers has been shifted to commodity speculation, turbocharging the swings in prices of everything from corn futures to jet fuel. At some point, that speculative bubble will burst and energy prices will plunge. When things finally settle down, the new equilibrium price is almost certain to be well above where it was last year at this time."



Comments: Be the first to add a comment

add a comment | go to forum thread