[lbo-talk] Ready for $262/barrel oil?

Doug Henwood dhenwood at panix.com
Sun Jan 29 10:57:57 PST 2006


Leigh Meyers wrote:


>The other, billionaire investor George Soros, wouldn't make any
>specific predictions about prices. But as a legendary commodities
>player, it's worth paying heed to the words of the man who once took
>on the Bank of England -- and won. "I'm very worried about the
>supply-demand balance, which is very tight," Soros says.

Be suspicious of any market-sensitive thing that this man says. He's famous for taking a position and then using his considerable political and trading prestige to talk it up.

Doug



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