Soros sounds alarm on oil 'bubble'

Financial Times by Joanna Chung | Jun. 3, 2008 (News Report)

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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Subjects: World, Business
Topics: Global Economy, Finance, Oil and Gas
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Posted by: Posted by Kaizar Campwala - Jun 3, 2008 - 11:54 AM PDT
Reviewed by: Kaizar Campwala (review), Fabrice Florin (review), Douglas Hord (review), Ardent Hollingsworth (review), Keenan Kline (review), Larry Miller (review), Nick Pollitt (review)
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Related Comments: Global Economy (2)

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Douglas Hord
3.5
 by Douglas Hord - Oct. 1, 2008

This is just a report on Soros's comments - no analysis or facts are offered.

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Nick Pollitt
1.5
 by Nick Pollitt - Oct. 1, 2008
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Fabrice Florin
3.5
 by Fabrice Florin - Oct. 1, 2008
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Kaizar Campwala
4.5
 by Kaizar Campwala - Oct. 1, 2008
Kaizar posted this story.
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Ardent Hollingsworth
4.5
 by Ardent Hollingsworth - Oct. 1, 2008

The commodity bubble has been growing hugely in the aftermath of the housing bubble deflation. It is a fact, but there needs to be more public awareness of this issue. Good story in this respect.

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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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Keenan Kline
4.4
 by Keenan Kline - Oct. 1, 2008
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