Stecyk

Oil Will Continue to Trend Higher

In response to Fred Banks above, first, thank you for the compliment on the useful article; and second, the reference to Greenspan is directed at the housing bubble. If you read the book and believe Fleckenstein's assertion that Greenspan was largely responsible for the housing bubble by taking rates so low for so long, then it is obvious why he is included. When I mention Greenspan in the article, you'll note that it comes after mentioning the debacle in financial stocks, which are all afflicted by the housing market.