Quote:
Originally Posted by cw1865
It would be difficult to justify $400 per barrel oil, at $400.00, it simply will not be used in many circumstances where it is currently used.
|
My bolding.
Economics is not always about rationality. There is nothing new under the sun in financial markets. Here are some classic book recommendations.
- Reminicenses of a Stock Operator (1923) Edwin Lefevre.
- Extraordinary popular delusions and the madness of crowds by Charles Mackay (1841) and Confusion de Confusion by Joseph de la Vega ( 1688 ). Martin S. Friedson, Editor.
- The interpretation of Financial Statements (1937) by Benjamin Graham and Spencer B. Meredith. New introduction by Michael F. Price.