Wednesday, Jul 16, 2008
Oil prices: George Soros warns that speculators could trigger stock market crash
.guardian.co.u: He believes that the doubling in the price over the last year is partly due to investment institutions, such as pension funds, who are pumping money into indexes that track the cost of crude.
He compares it with the stock market crash of 1987, which was partly caused by a sudden rush of money into portfolio insurance – which institutions used to protect themselves against a fall in share prices.
Posted by big chris @ 05:08 AM (150 views) Add Comment
1 Comment
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1. planning4acrash said...
George Soros is one of the main instigators. However, he is part of the establishment and is merely trying to hide the real story, that the central banks and your government have devalued, destroyed our currencies. That is nine tenths of the rise in fuel.