24.11.2015 - Stein's law says oil prices will rise: Kemp
“If something cannot go on forever, it will stop,” according to Herbert Stein, former chief economist to U.S. President Richard Nixon (“What I think: essays on economics, politics and life” 1998). Stein’s law is one of the most simple but important statements in economic theory, yet it is remarkable how often it is forgotten. Stein’s law explains why oil prices crashed from the middle of 2014 after spending more than three years over $100 per barrel..............................................Full Article: Source
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