Are the markets a mechanism to steal our souls as well as our money?
from Henry Makow:
When you see just how crazy financial markets are, you will not want to have your savings invested there.
It brings the total to 483.7 million barrels, the highest level in 80 years. Now, you’d think this news would make the price of oil go down. Instead, it shot up by 5.3% to $56, a four-month high.
The rationale was that the inventory growth was “lower than expected.” Clearly traders will move the markets up or down and seize upon any excuse to justify it.
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