User 223684

Something's Not Right About This Rally

1. There was a Hindenberg Omen last month.
2. Markets cannot function as long as property markets struggle (because property markets are based on appreciating value)
3. Property markets cannot function when resource prices (fuel and food) are high - in other words, suburbia contracts

Why $140/Barrel Crude is Unsustainable

Your argument against high prices (demand destruction) conveniently forgets one small point. We're addicted to oil, we're structurally dependent on it. Ask a cigarette smoker who must go a week without ciagrettes how much he is willing to give up for just one more. That's how price escalates. In fact, you can't put a value on oil. It's precious stuff...and articles like yours here once again delay this realisation. But, it's coming.