"The increase in commodity prices has been so sharp that some pension managers are worried about a possible crash…. 'It's hard to know which commodities are in a bubble and which aren't,' said Bob Schultze, director of the Virginia Retirement System."
Monday, July 07, 2008
Oil Bubble?
Investors, including pension funds and Wall Street speculators, have sharply increased their commodity allocations since 2003, from $13 billion to $260 billion, The Washington Post reports.
Labels:
Bubbles
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