Oil and the Great Deception
Read the full article: http://marketprognosticator.blogspot.com/2008/06/oil-and-gre...
"What matters is growth from the emerging markets, not the United States or other mature markets."
Oil Bulls love to trot out China, and to a lesser extent, India, when discussing the unbelievable growth from emerging markets. I heard a money manager call such growth "massive."
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