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Daily Archives: May 21, 2008
Energy "investors" a key element in driving price
The recent spike in oil and gas prices has been attracting concern and accusations from all over the world. Yesterday Senator Clinton announced a crazy plan to sue OPEC producers for failing to produce more oil. This is a wild … Continue reading
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Moody's now blames "a bug in their computer model"
I have long said that I am not impressed with efficient market theories about the genius and rationality of capital markets in asset pricing. Markets can often be just plain dumb, driven by irrational and erroneous assumptions of emotional participants. … Continue reading
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