When Will The Commodities And Chinese Real Estate Bubbles Pop?


During a presentation last week a questioner asked me what I thought about predictions that gasoline prices would reach $5 a gallon this summer. I offered this critique. I said that the oil prices implied by $5-a-gallon gas could probably not be attained in such a weak global economy. And, something short of that price would probably send the economy into a tailspin.

I don't foresee such an event soon, but it does seem to me

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