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Daily Archives: June 7th, 2008

Economics is Fortune Telling, Not Science

07-Jun-08

Shawn Tully, writing for Fortune, thinks that oil prices will tank.

High-flying tech stocks crashed. The roaring housing market crumbled. And oil, rest assured, will follow the same path down.

When I looked, that link was last updated at 10:20am EDT on June 6, 2008. I wonder what Shawn Tully thinks now.
Oil had got down to around [...]