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A Man of Wealth and Taste
Join Date: Dec 2002
Location: Out there somewhere beyond the doors of perception
Posts: 51,063
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$150 oil was a speculation bubble...Wall Street to continue to reap the profits they were making moved from the RE subprime market to commodities. When the Sub Prime hit the fan, the Wall Street Boyz were forced to liquidate assets to keep their capitalization rates up. Thus they sold off commodities...Oil went form 150 to 35 in a matter of a couple of short months...
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"Some Observer"
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