Quote:
Originally Posted by GoinAllTheWay
I realize this is posted to try to explain why it happened but it's just the cirucumstances of why. Someone "thinks" something will happen and prices rocket up. No idea if it will happen for sure or not but lets jack up the prices just in case. I honestly can't put into words how much that gets to me. Even moreso when you consider the fact the the reverse will never happen.
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Agreed. And the fact that once financial company has such power. It's real simple too:
- They tell all their high end clients to invest in oil futures; as they think it's a good bet.
- They then publish and article saying they think it will get to $X by a certain date.
- They sit back and watch all the money they made for their clients; and for themselves.
Meanwhile a lower middle class family now has to cancel their summer road trip; the first family vacation in 5 years, because they can no longer afford the gas.