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

Posted in Main Page | Leave a comment

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

Posted in Main Page | Leave a comment