Soros sounds alarm on oil 'bubble'

Billionaire investor George Soros is to tell US lawmakers on Tuesday that "a bubble in the making" is under way in oil and other commodities and that commodity indices are not a legitimate asset class for institutional investors.

He is expected to tell a congressional committee that rising oil prices are the result of a number of fundamental changes and factors in the market, but that the relatively recent ability of investment institutions to ... Full Story »

Posted by Kaizar Campwala

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Larry Miller
3.2
by Larry Miller - Oct. 1, 2008

Soros puts his money where his mouth is, and has become rich betting against the tide. I hope he is right! The Financial Times is usually quite accurate.

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