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Wed May-21-08 07:56 AM
Response to Original message |
32. He is unreliable, predicted a few months ago that oil would drop to $80/barrel |
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He did his best to talk down the market just a few months ago in the winter when he confidently said that by the second quarter (now) we would see oil back down to $80 a barrel. Now that he was so completely wrong, he espouses the opposite. Markets are notoriously unpredictable. Many experts cannot understand how we can have such high oil prices and inflation with rock bottom interest rates and stock market that hasn't totally tanked. Something has to give, either prices stabilize or go down, or stocks tank as interest rates rise.
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