Punch and judy show stock exchangeThe history of 2008: The oil price increases, a poseur cries ''recession'', the oil price decreases, the stock market cheers, the share prices increase, the oil price increases...
In nice higher theories are at the stock market farsighted investors, determing with their investions the economic future of the world. Far foresighted strategists of eoconomy, rewarded with much money for their right investments. In the practice is it a punch and judy show where the only answer for the fast increasing oil price ist the announcement of recession. When a poseur taken important enough by the world spells the magic word "recession", the oil price decreases immediately. After this, there is jubilation at the stock exchange becaus of increasing stock prices. Shares from airlines increase. The jubilation reaches the oil market, why are they so happy? Maybe there is no recession. When they have so much reason for jubilation, they will sure need more oil, the oil price increases.
Exactly at the independence day, a huge investment group announdes: Our hedge fond has decided the independence of the US from oil. We invest in the mass production of photovoltaic and finished secret negociations with GM over the increase of the capital. With the new capital will the mass production of Plug-in hybrid cars be done as fast as possible. The fuel for our cars should not take the dangerouse way ofer the street of Hormuz, but direct from the roof from an american house owner in the batteries of their plug-in hybrid cars.
Investors to mange this, would have turned an honest penny, regardless how much. But what is with the jokers at the stock market, who cry every some weeks "recession"? |
