Monkey Business
May 8, 2010 8:04 am Commentary, Economy, EnvironmentThe recent Gulf Coast disaster brought up the spector of monkey business. Remember a few years back, the mere threat of a potential hurricane in the Gulf sent oil prices spiking. Then a few weeks ago, a rig explodes, burns, and sinks in the Gulf. And the prices just sail on unchanged.
The economy, like politics, has become a crap shoot. Reasoning does not necessarily apply. So many principals and assumptions to which we have anchored our beliefs on seem to have become just so unstable.