How much would it cost big oil to sell futures to deflate the bubble before the election? They might be able to benefit by playing the predictable movement.
On Tue, Sep 19, 2006 at 06:06:09PM -0400, Doug Henwood wrote:
>
> It doesn't take much to burst a speculative bubble, though higher
> interest rates (and we've had plenty of those) are always effective.
-- Michael Perelman Economics Department California State University Chico, CA 95929
Tel. 530-898-5321 E-Mail michael at ecst.csuchico.edu michaelperelman.wordpress.com