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Battle Of the Bubbles
We've been treated to three major economic bubbles in the last decade - tech stocks, housing, and now oil. And oil (which has yet to show a peak) just became bubblier than tech, putting on more than 600% in 4+ years.
Still a couple hundred points to go to eclipse homebuilders though, which would imply something like $166/barrel, so let's hope oil winds up settling for the silver.
Data source: Bespoke Research
Handcrafted by Flip on May 7, 2008 |
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Comments
Wow, great graph. Is there any instance of a bubble that doesn't burst, though? Are we likely to ever get back down to $70, $60, $50 per barrel, or is $100 per barrel pretty much the floor now?Posted by: Citizen Grim | May 15, 2008 10:27:46 AM


