Comment 60466

By BobInnes (registered) - website | Posted March 01, 2011 at 15:24:49

Great debate! Everybody has a point, even the naysayers and monetarists. A.Smith's data is interesting indeed. I remember hearing somewhere that during the runup in o8, every tank, tanker and bathtub that could hold oil, did. To the point that the Baltic index showed both the tightening of ship supply and the subsequent unwinding. Ryan is writing about his longer term bet in a way that smooths the graph. It is surprising how long the long term is taking, which is the cynics' point. As traders say, Mr Market (the trend) can continue longer than you/we can remain solvent (in our bets). GLTA

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