[lbo-talk] Roubini: Worst Financial Crisis Since the Great Depression and Worst U.S. Recession in Decades

Max B. Sawicky sawicky at verizon.net
Wed Jul 16 19:02:01 PDT 2008


The best reason for the oil bubble to burst will be to see all the economists explain why it could not have been speculation, but a giant spike up in demand followed by a giant spike down.


>
> It will be very interesting if the oil bubble bursts, too. That will
> reduce inflationary pressure, and also lighten the burden on spending.
>
> Doug
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