"Learn to distinguish between trends and bubbles. Oil is in a trend. Not everything that increases rapidly is a bubble. Oil was $2 a barrel in the 1940s--now its $135."
True, there is a difference between trends and bubbles; bubbles pop. And it is not until after it pops that we know the truth. Neither the Tech Bubble nor the Real Estate Bubble were thought to be so until after the fact. Time will tell on the commodity front.
"Learn to distinguish between trends and bubbles. Oil is in a trend. Not everything that increases rapidly is a bubble. Oil was $2 a barrel in the 1940s--now its $135."
True, there is a difference between trends and bubbles; bubbles pop. And it is not until after it pops that we know the truth. Neither the Tech Bubble nor the Real Estate Bubble were thought to be so until after the fact. Time will tell on the commodity front.
Is Oil a Bubble? Part One [View article]
True, there is a difference between trends and bubbles; bubbles pop. And it is not until after it pops that we know the truth. Neither the Tech Bubble nor the Real Estate Bubble were thought to be so until after the fact. Time will tell on the commodity front.
Is Oil a Bubble? Part One [View article]
True, there is a difference between trends and bubbles; bubbles pop. And it is not until after it pops that we know the truth. Neither the Tech Bubble nor the Real Estate Bubble were thought to be so until after the fact. Time will tell on the commodity front.
Is Oil a Bubble? Part One [View article]
web.mit.edu/ceepr/www/...