Eugene David
...The One-Minute Pundit

Wednesday, May 13, 2009


In my view, the Financial Times’ Chris Flood delivers it straight: Prices are rising because of various types of trading gambles. Flood quotes Mike Wittner, a senior oil analyst at Société Générale saying the following: “Recent price strength is not based on fundamentals, but on financial flows.”

B-b-b-b-but it c-c-can't be sp-sp-speculators! J-J-John St-St-Stossel said they do lots of g-g-good!

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