[lbo-talk] Henwood vs Bond

Doug Henwood dhenwood at panix.com
Wed Sep 8 06:04:46 PDT 2004


Patrick Bond wrote:


>Marvin, isn't the latest bubble - the massive increase in global hedge
>financing, according to the new BIS report - even more worrying? Some of
>Bloomberg's talking heads even attribute the oil price hike to herd
>trading...

So? That's as ancient as speculative markets. The U.S. stock market right now is showing near-record low volatility, and I don't think there's much evidence that markets are significantly more volatile than they were in the past.

Doug



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