The European Tribune is a forum for thoughtful dialogue of European and international issues. You are invited to post comments and your own articles.
Please REGISTER to post.
There is a lot of fast money chasing yield/short term profits right now. My money market deposits have crashed from the 5% to the low 3% in just a few months. It's very tempting to buy something, but what? Real Estate? Nope, still puking. Stocks? Tried that, burnt fingers. Many are chasing commods. No way with my own money -- ever.
Great charts. Esp. the inflation corrected one. Really puts this rally into perspective though I really, really doubt we get a puke out like 81-86 again. 80% fall -- that was an ugly time in the oil biz.
Bloomberg.com: Energy
This is the 10th straight week that analysts have forecast a decline in prices. They were correct in two of the eight weeks through March 7. The oil survey has correctly predicted the direction of prices 51 percent of the time since its introduction in April 2004.
In what way do you think crude prices would have been different in 1980, had there been a futures market?
My hunch is that with the much faster market response to news, there would have been panic peaks followed by declines, while on the spot market back then, 'panic peaks' were conserved for weeks to months, and thus just added up. In other words, maybe prices wouldn't even have climed as high as they did on the spot market back then. *Lunatic*, n. One whose delusions are out of fashion.
My gut says the volatility occurred in 1980. It just took place in the cash market out of sight of the average consumer and the media.
Perhaps it was less then just because the 7 sisters had a much bigger piece of the pie and the producing nations were still under their thumbs.
by Frank Schnittger - Dec 8 15 comments
by Oui - Dec 4 42 comments
by Frank Schnittger - Dec 1 4 comments
by Frank Schnittger - Nov 27 70 comments
by Frank Schnittger - Nov 23 37 comments
by Frank Schnittger - Nov 20 68 comments
by Oui - Nov 21 2 comments
by Oui - Nov 15 9 comments
by Frank Schnittger - Dec 815 comments
by Oui - Dec 442 comments
by Frank Schnittger - Dec 14 comments
by Frank Schnittger - Nov 2770 comments
by gmoke - Nov 26
by Frank Schnittger - Nov 2337 comments
by Oui - Nov 212 comments
by Frank Schnittger - Nov 2068 comments
by Oui - Nov 159 comments
by ATinNM - Nov 135 comments
by Oui - Nov 134 comments
by Oui - Nov 124 comments
by Frank Schnittger - Nov 10115 comments
by Oui - Nov 87 comments
by IdiotSavant - Nov 818 comments
by gmoke - Nov 8
by Oui - Nov 428 comments
by Oui - Oct 2916 comments